FinecoBank SpA (STU:ZS3)
€ 15.265 0.12 (0.79%) Market Cap: 9.40 Bil Enterprise Value: 7.13 Bil PE Ratio: 14.61 PB Ratio: 4.24 GF Score: 81/100
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Q3 2020 FinecoBank Banca Fineco SpA Earnings Call Transcript

Nov 09, 2020 / 01:00PM GMT
Release Date Price: €11.93 (-4.41%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the FinecoBank Third Quarter 2020 Results Conference Call. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Alessandro Foti, CEO of FinecoBank. Please go ahead, sir.

Alessandro Foti
FinecoBank Banca Fineco S.p.A. - CEO, GM & Executive Director

Good afternoon, everyone, and thank you for joining our third quarter 2020 results conference call. Before we start going through the details of the presentation, let me please underline the key message of the quarter. This set of results confirms once again the soundness of our business model, able to deliver sustainable and industrial growth in every market condition and to accelerate growth in the current complex situation.

Adjusted gross operating profit stood at EUR 397 million in the first 9 months of the year, increasing by 31% year-on-year, thanks to the growth of our very well-diversified stream of revenues. Adjusted net profit increased by 23% year-on-year,

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