Mediobanca SpA (OTCPK:MDIBY)
$ 14.285 -0.1423 (-0.99%) Market Cap: 11.81 Bil Enterprise Value: 43.07 Bil PE Ratio: 11.82 PB Ratio: 1.02 GF Score: 81/100
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Q2 2021 Mediobanca Banca di Credito Finanziario SpA Earnings Call Transcript

Feb 09, 2021 / 12:30PM GMT
Release Date Price: $10.27 (+4.37%)
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Mediobanca Half Year 2021 Results Conference Call. (Operator Instructions) I must advise you that this conference is being recorded today.

I would now like to hand the conference over to your speaker today, the Chief Executive Officer, Alberto Nagel. Please go ahead.

Alberto Nicola Nagel
Mediobanca Banca di Credito Finanziario S.p.A. - CEO & Director

Thank you. Good afternoon to everybody, and thank you for joining the call. We have recorded 6-month results, which are in line to the pre-COVID levels, totaling EUR 1.3 billion of revenues, EUR 0.4 billion of net profit and the return on tangible equity in the region of 10%. This was backed by a strong business recovery in all business segments and also within a second lockdown with a smoothed impact.

Notably, it is interesting to see the core revenue trend, which totaled EUR 1.3 billion and which is the effect of real business diversification. In fact, we have had a 6% increase in Wealth Management in revenue and a solid

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