Banca Generali (LTS:0DQZ)
€ 43.86 -0.13 (-0.3%) Market Cap: 4.98 Bil Enterprise Value: 4.42 Bil PE Ratio: 12.24 PB Ratio: 3.54 GF Score: 81/100
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Q1 2019 Banca Generali SpA Earnings Call Transcript

May 08, 2019 / 12:00PM GMT
Release Date Price: €24.74 (+1.14%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Banca Generali First Quarter 2019 Results Conference Call. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Gian Maria Mossa, CEO and General Manager of Banca Generali. Please go ahead, sir.

Gian Maria Mossa
Banca Generali S.p.A. - GM, CEO & Director

Good morning, and welcome to our first quarter results conference call. 2019 started very well and I can anticipate that we see further improvements in the numbers in the second quarter.

We closed the first quarter with EUR 61.1 billion of total assets. That is the highest level ever for the bank, thanks to very, very good performance of the underlying assets and thanks to solid inflows. You already know that in the first quarter, net inflows, total net inflows, were at EUR 1.4 billion and considering also the inflows in April, we are very, very close to EUR 2 billion.

In terms of FA network, we exceeded 2,000 financial advisers. And probably even

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