FinecoBank SpA (OTCPK:FNBKY)
$ 29.4 0 (0%) Market Cap: 8.98 Bil Enterprise Value: 6.60 Bil PE Ratio: 14.61 PB Ratio: 4.24 GF Score: 78/100
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Full Year 2023 FinecoBank Banca Fineco SpA Earnings Call Transcript

Feb 06, 2024 / 01:00PM GMT
Release Date Price: $28.66
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome and thank you for joining the FinecoBank fourth-quarter 2023 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 FinecoBank. Please go ahead, sir.

Alessandro Foti
FinecoBank Banca Fineco SpA - Chief Executive Officer, Director

Good afternoon, everyone, and thank you for joining our fourth-quarter of 2023 results conference call. Adjusted net profit in 2023 reached a new record high and was equal to EUR609.1 million, strongly up about 42% year on year and by 54% excluding 2022 profits from treasury management.

Adjusted revenues achieved EUR1,237.6 million, increasing by 30.5% year on year and mainly supported by net financial income, which is sustained by our clients, very sticky and valuable transactional liquidity, and by the solid growth of our investing business, thanks to the volume effect and the higher control of the value chain by Fineco Asset Management.

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