Banca Ifis (FRA:0I6)
€ 19.71 -0.16 (-0.81%) Market Cap: 1.04 Bil Enterprise Value: 3.47 Bil PE Ratio: 6.41 PB Ratio: 0.59 GF Score: 65/100
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Q3 2021 Banca IFIS SpA Earnings Call Transcript

Nov 04, 2021 / 03:00PM GMT
Release Date Price: €16.33 (-0.06%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Banca IFIS Third Quarter 2021 Results Conference Call. (Operator Instructions) At this time, I would like to turn the conference over to Frederik Geertman, CEO. Please go ahead, sir.

Frederik Herman Geertman
Banca IFIS S.p.A. - CEO & Director

Good afternoon, everybody. Welcome to our third quarter results conference call. I'm here with Martino Da Rio, as usual, to illustrate the results. We are presenting a quarter that confirms the positive trend of the first 2 quarters. Results have developed better than expected as we have benefited from a nice macroeconomic recovery.

We have a net income in the third quarter of EUR 32 million, leading to EUR 80 million in the first 9 months of this year. We booked revenues in the quarter of EUR 157 million, which is the highest of the last 6 quarters, excluding PPA, EUR 151 million. We have very good NPL cash collections of EUR 82 million, which are up significantly also against 2019, not only against 2020. And

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