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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  AXA    CS   FR0000120628

AXA

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AXA : Lays Out 2023 Strategic Plan, Financial Targets

12/01/2020 | 03:18am EST

By Olivia Bugault

AXA SA on Tuesday revealed its 2023 strategic plan and set financial targets for the 2021-2023 period.

The new plan revolves around five strategic actions: The expansion of health and protection, the simplification of customer experience, the reinforcement of underwriting performance, boosting AXA's climate initiatives and growing cash flow, the French insurance giant said.

To these purposes, AXA set new financial targets that include health growth revenue of more than 5% in average for the 2020-2023 period and 500 million euros ($596.3 million) in absolute cost reduction by 2023 compared with 2019.

AXA also targets annual underlying earnings per share growth of 3% to 7% on average from 2020 to 2023, and expects EUR5 billion-EUR6 billion of cash upstream per year by 2023 and a solvency II ratio target of roughly 190%.

"Our group is now reshaped to a simpler and more focused organization, closer to its customers and with the right scale across our geographies and preferred segments, Health, Protection and P&C Commercial lines," AXA Chief Executive Officer Thomas Buberl said.

Write to Olivia Bugault at olivia.bugault@wsj.com

(END) Dow Jones Newswires

12-01-20 0317ET

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Financials
Sales 2020 97 647 M 118 B 118 B
Net income 2020 3 729 M 4 514 M 4 514 M
Net Debt 2020 11 860 M 14 358 M 14 358 M
P/E ratio 2020 12,4x
Yield 2020 7,19%
Capitalization 47 125 M 57 010 M 57 054 M
EV / Sales 2020 0,60x
EV / Sales 2021 0,60x
Nbr of Employees 115 070
Free-Float 79,8%
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Technical analysis trends AXA
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 23
Average target price 23,26 €
Last Close Price 19,65 €
Spread / Highest target 37,4%
Spread / Average Target 18,3%
Spread / Lowest Target -28,4%
EPS Revisions
Managers and Directors
NameTitle
Thomas Buberl Chief Executive Officer & Director
Denis Pierre Marie Duverne Chairman
Astrid Stange Chief Operating Officer
Etienne Bouas-Laurent Chief Financial Officer
François Martineau Independent Director
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