Addiko Bank AG (OTCPK:ADBKF)

$ 20.4698 0 (0%) Market Cap: 380.67 Mil Enterprise Value: -802.98 Mil PE Ratio: 7.97 PB Ratio: 0.47 GF Score: 68/100

Half Year 2024 Addiko Bank AG Earnings Call Transcript

Aug 08, 2024 / 12:00PM GMT

Release Date Price: $17

Transcript

Herbert Juranek

Addiko Bank AG - Chief Executive Officer

Good afternoon, ladies and gentlemen. I would like to welcome you to the presentation of the half year results 2024 of Addiko Bank, together with my colleagues, Ganesh, Edgar, Tadej and Constantin. Let me show you the today's agenda.

In the beginning, I will present to you the key highlights of our results and give you the status of the recent events, including its implications on the outlook for 2024. Ganesh will continue with our achievements on the business side. After that, Edgar will give you more insight on our financial performance, and Tadej will inform you about the progress in the risk area. Finally, I will do a quick wrap-up before we move on to Q&A.

So, let's start with a positive note. We are happy that we were successful in improving our results in the first half of 2024. Our net profit went up by 31% year-on-year from EUR19.5 million to EUR25.5 million. This leads to EUR1.32 earnings per share in the first half of the year.

The return on average tangible equity went up from 5.4% in the first half of

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