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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Half Year 2024 FinecoBank Banca Fineco SpA Earnings Call Transcript

Jul 30, 2024 / 12:00PM GMT
Release Date Price: €16.05 (-0.28%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome and thank you for joining the FinecoBank second quarter 2024 results conference call.

(Operator Instructions)

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

Alessandro Foti
FinecoBank Banca Fineco SpA - Chief Executive Officer, General Manager, Executive Director

Good afternoon, everyone, and thank you for joining our second quarter 2024 results conference call.

Net profit in the first half of 2024 is EUR320.3 million up by 9.8% year on year, excluding systemic charges due to a different seasonality compared to 2023. Revenues at EUR658.3 million increasing by 9.6% year on year, supported by all our product areas. Net financial income is increasing by 10.7% year on year, investing up by 11.9% year on year, thanks to the volume effect in the higher control of the value chain by Fineco Asset Management and the brokerage is up by 15% year on year, thanks to the enlargement of our

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