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    MAP   ES0124244E34

MAPFRE S.A.

(MAP)
  Report
Delayed Bolsas y Mercados Espanoles  -  11:38 2022-12-06 am EST
1.805 EUR   -0.61%
12/02Mapfre S A : RE increases capital by 250 million euros to boost growth
PU
11/30Strikes, protests in Europe over cost of living and pay
RE
11/28European Companies Hand Out Employee Bonuses As Inflation Bites -- At a Glance
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Mapfre offers one-time 400-euro bonus to employees to offset inflation

11/24/2022 | 02:46am EST
A woman walks past an office of Spain's insurance company Mapfre, in Madrid

MADRID (Reuters) - Spanish insurer Mapfre will pay a one-time 400 euro ($417.32) bonus at Christmas to its approximately 10,000 employees in Spain to help them cope with soaring inflation.

The company provided a 350 euro bonus in July.

"These are two extraordinary actions seeking to compensate the high rates of inflation," Mapfre said in a statement released on Wednesday, adding the plan "respects all the recommendations to not contribute to the inflationary cycle."

Top management will not receive the bonus, the company said.

Other companies in the country, such as large retailers, have offered bonuses or wide-spread pay increases to offset inflation.

The government has reached an agreement with unions to raise salaries by up to 7.5% by 2024.

Spain's annual inflation has fallen to 7.3% down from a peak above 10% in July but remains at levels not seen in three decades.

The central bank has said it expects inflation to fall gradually in the coming months as long as higher costs of living do not translate into broad wage increases.

($1 = 0.9585 euros)

(Reporting by Inti Landauro; editing by Jason Neely)


© Reuters 2022
All news about MAPFRE S.A.
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Analyst Recommendations on MAPFRE S.A.
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Financials
Sales 2022 24 292 M 25 554 M 25 554 M
Net income 2022 607 M 639 M 639 M
Net Debt 2022 - - -
P/E ratio 2022 8,79x
Yield 2022 7,94%
Capitalization 5 518 M 5 805 M 5 805 M
Capi. / Sales 2022 0,23x
Capi. / Sales 2023 0,22x
Nbr of Employees 30 941
Free-Float 29,3%
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Technical analysis trends MAPFRE S.A.
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 1,81 €
Average target price 2,09 €
Spread / Average Target 15,6%
EPS Revisions
Managers and Directors
Antonio Huertas Mejías Chairman & Chief Executive Officer
Fernando Mata Verdejo Chief Financial Officer & Executive Director
Vanessa Escrivá García Deputy GM-Information Technology & Processes Area
José Antonio Arias Bermúdez Group Chief Operating & Innovation Officer
José Luis Jiménez Guajardo-Fajardo Group Chief Investment Officer
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