FinecoBank SpA (OTCPK:FCBBF)
$ 14.48 0 (0%) Market Cap: 9.95 Bil Enterprise Value: 7.56 Bil PE Ratio: 14.61 PB Ratio: 4.24 GF Score: 81/100
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Q2 2020 FinecoBank Banca Fineco SpA Earnings Call Transcript

Jul 31, 2020 / 11:30AM GMT
Release Date Price: $14.61
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome and thank you for joining the FinecoBank Second Quarter 2020 Results Conference Call.

(Operator Instructions) At this time, I would like to turn the conference over to Mr. Alessandro Foti, CEO of FinecoBank. Please go ahead, sir.

Alessandro Foti
FinecoBank Banca Fineco S.p.A. - CEO, GM & Executive Director

Good afternoon, everyone, and thank you for joining our second quarter 2020 results conference call. Before we start going through the details of the presentation, let me please underline the key messages. This set of results confirms once again the soundness of our business model, able to deliver sustainable and industrial growth in every market condition and to accelerate growth in the current complex situation.

Gross operating profit stood at EUR 275 million in the first half of this year, plus 40% year-on-year. Adjusted net profit stood at EUR 181 million in the first half of the year, plus 30% year-on-year, thanks to the growth of our very well diversified stream

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