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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Preliminary Q4 2023 Banca IFIS SpA Earnings Call Transcript

Feb 08, 2024 / 03:00PM GMT
Release Date Price: €16.38 (+2.44%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome and thank you for joining the Banca IFIS full year 2023 results conference call. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Frederik Geertman, CEO. Please go ahead, sir.

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

Thank you madam and good afternoon, everybody. Welcome to our 2023 results call. I'm here with the my team CFO Roberto Ferrari, and the Investor Relations person, (multi-mode radio) and Media Relations team. I'll briefly illustrate the results as usual, and then we'll take questions afterwards.

I'll take you straight to page 4 of the presentation. We have a and especially rewarding 2023 with core net income at record high, excluding PPA, at $160 million. We exceeded our business plan target for the year by 17%.

And we can now say that we met the net income targets of our plan, both in 2022 and 2023 with a full year in advance. Management overlays are unchanged against macroeconomic and

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