FinecoBank SpA (WBO:FBK)
€ 15.48 0.185 (1.21%) Market Cap: 9.46 Bil Enterprise Value: 7.20 Bil PE Ratio: 14.79 PB Ratio: 4.29 GF Score: 81/100

Q1 2021 FinecoBank Banca Fineco SpA Earnings Call Transcript

May 11, 2021 / 12:00PM GMT
Release Date Price: €13.99 (-1.24%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the FinecoBank First Quarter 2021 Results Conference Call. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Alessandro Foti, CEO of Fineco. 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 first quarter results conference call.

Before we start going through the details of the presentation, let me please highlight the main strategic developments we are undertaking as we have entered in a new dimension of structural growth, given the strong acceleration in the long-term trends.

The first quarter of the year marks the turning point in our story as we have introduced a wide set of initiatives to progressively become more platform fulfilling the financial needs of our clients than a bank. The new dimension of growth is generating, first, an acceleration of the deleveraging of our balance sheet,

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