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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Q4 2020 FinecoBank Banca Fineco SpA Earnings Call Transcript

Feb 09, 2021 / 01:30PM GMT
Release Date Price: $16.15
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the FinecoBank's Full Year 2020 Results Conference Call.

(Operator Instructions)

At this time, I would like to turn the conference over to Mr. Alessandro Foti, CEO and General Manager of Fineco. 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 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.

Adjusted net profit increased by 19% year-on-year, reaching EUR 325 million in the year despite the increased contribution to systemic charges. Adjusted revenue stood at EUR 776 million in 2020, increasing by 18% year-on-year, mainly

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