Illimity Bank SpA (LTS:0A3J)
€ 2.991 0.101 (3.49%) Market Cap: 248.88 Mil Enterprise Value: 998.58 Mil PE Ratio: 4.16 PB Ratio: 0.26 GF Score: 56/100
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Q4 2021 illimity Bank SpA Earnings Call Transcript

Feb 11, 2022 / 08:00AM GMT
Release Date Price: €13.54 (+0.22%)
Operator

Good morning. This is the Chorus Call conference operator. Welcome and thank you for joining the illimity fourth-quarter and full-year 2021 results conference call.

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

Corrado Passera
illimity Bank S.p.A. - Founder & CEO

Thank you. Good morning. Good morning to everyone, and thank you for joining us today. Here with me I have Francesco Mele, CFO and Head of Central Functions; Carlo Panella, Head of Direct Banking; Enrico Fagioli, Head of Growth Credit; and Andrea Clamer, Head of Distressed Credit.

Slide 2. Well, what I can say, 2021 was a heck of a year. We exceeded all our expectations. We more than doubled our operating profit from EUR45 million to EUR111 million. And we fully delivered the profitability guidance for the year: a net profit of EUR66 million. This was equal to an ROE of 10% despite the heavy investments for an even brighter future.

Our business is continuing to grow strongly

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