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 2024 FinecoBank Banca Fineco SpA Earnings Call Transcript

Nov 05, 2024 / 01:00PM GMT
Release Date Price: €14.38 (-1.20%)
Operator

Good afternoon. This is the Chorus call conference operator. Welcome, and thank you for joining the FinecoBank third 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 FinecoBank. 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 third quarter 2024 results conference call, where we will also deep dive on the expectations for a further acceleration of our growth.

Net profit in the first nine months of 2024 was equal to EUR490 million, up by 7.9% year-on-year revenues at EUR984.1 million, increasing by 7.3% year-on-year and supported by all our product are net financial income is increasing by 6.4% year-on-year, investing up by 11.7% year-on-year, thanks to the volume effect and the higher control of the value chain by Fineco Asset Management.

And the brokerage is up 11.4% year-on-year

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