CNP Assurances: 2019 net income up 3.3% at E1,412m

(CercleFinance.com) - Group revenues reached 33.
5 billion euros, up 3.5% (+4.0% at constant consolidation scope and exchange rates).
In France, revenues amounted to 21.6 billion euros, up 0.3%.

The Group's average net outstandings totaled 320.8 billion euros, compared to 313.0 billion euros at the end of 2018 (+2.4%).

Net insurance income increased by 3.4% to 3,220 million euros (+4.4% at constant consolidation scope and exchange rates).

Gross operating income (EBITDA) amounted to 3,041 million euros, up 4.0% (+5.0% at constant consolidation scope and exchange rates). Net income, group share increased by 3.3% to 1,412 million euros (+4.0% at constant consolidation scope and exchange rates). Meanwhile, EPS reached 1.99 euros (+3.5%).

For 2020, CNP Assurances intends to report between 3% and 7% in net income, group share.


Copyright (c) 2020 CercleFinance.com. All rights reserved.