Societe Generale SA (STU:SGE)
€ 24.99 -0.01 (-0.04%) Market Cap: 19.99 Bil Enterprise Value: 9.62 Bil PE Ratio: 8.52 PB Ratio: 0.31 GF Score: 70/100

Q3 2024 Societe Generale SA Earnings Call Transcript

Oct 31, 2024 / 10:00AM GMT
Operator

Ladies and gentlemen, welcome to the Societe Generale conference call.

I now hand you over to Mr. Slawomir Krupa, Chief Executive Officer. Please go ahead.

Slawomir Krupa
Societe Generale SA - Group Chief Executive Officer

Thank you. Good morning, everyone. I am pleased to be here with you today on this call to discuss our quarterly earnings, and I thank you for joining us.

We have two important topics to cover this morning about the group's performance. The first is the strong and materially improved results achieved during Q3 '24 showing a better progress than originally anticipated. The second is a review of the consistent delivery of our strategic plan. We are moving forward in our groupwide transformation and hitting all the interim targets that we set at our Capital Markets Day a year ago. Among them and most importantly, our capital and cost-to-income targets.

Starting with the quarterly earnings, you can see that revenues are up by 10.5% compared to Q3 '23 and by nearly 6% excluding the EUR300 million positive one-off

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