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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Nine Months 2021 Banca Generali SpA Earnings Call Transcript

Nov 04, 2021 / 01:00PM GMT
Release Date Price: €40.93 (-0.26%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Banca Generali 9 Months 2021 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 & Executive Director

So good afternoon, and welcome to our third quarter results conference call. The overall results for the third quarter are very solid and consistent, confirming the positive trend we saw in the first half of this year. Total assets achieved a new high above EUR 82 billion, thanks to both strong inflows, EUR 5.5 billion and a very positive contribution from markets. The FA networks continued to grow both in terms of number of financial advisers and portfolio average.

Moving on to the financial results. The net result of the third quarter was at EUR 80.8 million, pushing the first 9 months results at EUR 270.9 million, which is a new record for our bank.

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