Bawag Group AG (OTCPK:BWAGF)
$ 78.55 1.92 (2.51%) Market Cap: 6.17 Bil Enterprise Value: 20.32 Bil PE Ratio: 8.57 PB Ratio: 1.40 GF Score: 73/100

Full Year 2019 BAWAG Group AG Earnings Call Transcript

Feb 12, 2020 / 09:00AM GMT
Release Date Price: $43.37
Operator

Good day, ladies and gentlemen. Welcome to the BAWAG Group Full Year 2019 Results Call. (Operator Instructions) As a reminder, this conference is being recorded, and a replay as well as a transcript thereof will be available on BAWAG Group's website.

And I would now like to turn the conference over to Anas Abuzaakouk, Chief Executive Officer. Please go ahead, sir.

Anas Abuzaakouk
BAWAG Group AG - Chairman of the Managing Board & CEO

Thank you, operator. Good morning, everyone. I hope everyone is doing well and off to a good start in 2020. I'm joined this morning by Enver, our CFO. So let's just jump right into it on Slide 3.

2019 was another record year for BAWAG Group, our second full year as a public company. We delivered profit before tax of EUR 604 million, a net profit of EUR 459 million. A pro forma earnings per share of EUR 5.22, and a pro forma return on tangible common equity of 17.3%. Just to remind everybody, the pro forma adjusts for share buyback completed in the fourth quarter of last year.

Most importantly, we

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