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Jean-Philippe Thierry
Chairman of the supervisory board of Mondial Assistance AG
Chairman and Chief Executive Officer of AGF
Member of the Board of Management of Allianz SE
03
The 2007 results reflect the commitment and hard work
of the 9,356 talented people who make up the Group.
Rémi Grenier
Chief Executive Officer
President of the Executive Committee
of Mondial Assistance
Editorial
Geographic expansion combines with more balanced
international sales
Geographically, growth was strongest in Asia-Pacific
(China and Australia) and the Americas (Brazil and the US).
Both regions, which today represent 10.3% and 16.7%
respectively, contribute more and more to Group turnover.
In Europe, which still represents 73% of Group turnover,
Poland, Portugal, Switzerland and Spain registered the
strongest growth. Five countries (France, USA, UK,
Germany and Australia) combined represent 60% of
Group turnover and illustrate the Group’s objective to
achieve more balanced, international sales.
Talented people are behind Group’s sustainable growth
The 2007 results reflect the commitment and hard work of
the 9,356 talented people who make up the Group. With
a wide range of professions and skills, representing many
different cultures and masters of many languages, they
embody the Group’s business mission, which is to
provide people with help, anytime and anywhere, to make
their lives safer, simpler and more financially secure.
Launch of new subsidiaries
2007 was also a year of international expansion in two
regions. In Asia-Pacific, Mondial Assistance opened a
subsidiary in New Delhi and thereby became the very first
roadside assistance company in India with its own vehicle
assistance fleet. The successful launch of a Mondial
Assistance subsidiary in China in 2003, and the development
of this office and its activities, marks a coherent, significant
turning point of the Group’s development in Asia. It also
clearly confirms Mondial Assistance’s investment strategy
in BRIC countries (Brazil, Russia, India and China).
The Group also opened a new business unit in Mexico,
and launched its first roadside assistance operations in
November 2007, thereby reinforcing Group presence and
development in the Americas zone.
This geographic expansion not only strengthens our
relations with global customers but also demonstrates a
firm commitment to partners who wish to offer innovative,
top quality services in every corner of the world.
2008 perspectives
On this solid foundation, Mondial Assistance will pursue its
dynamic strategy of profitable growth throughout 2008
and will continue to be even more proactive in its
markets. The Group’s four business lines remain the
fundamental sectors for achieving the 2011 turnover
target of 2 billion euros. In addition, the Group will further
develop and enhance synergies and encourage sharing
of best practices to take full advantage of its continuous
innovation, experience and extremely rich resources. With
the expertise, talents, motivation, ideas and dedication of
our multinational staff, 2008 will become another
successful and exciting year of challenge for Mondial
Assistance.
Wallisellen and Paris, April 23rd, 2008