Mediobanca SpA (WBO:MB)
€ 13.765 -0.26 (-1.85%) Market Cap: 11.41 Bil Enterprise Value: 41.13 Bil PE Ratio: 12.44 PB Ratio: 1.03 GF Score: 76/100

Full Year 2023 Mediobanca Banca di Credito Finanziario SpA Earnings Call Transcript

Jul 27, 2023 / 01:00PM GMT
Release Date Price: €11.64 (+0.39%)
Operator

Good day, and thank you for standing by. Welcome to the Mediobanca Full Year 2023 Results Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded.

I would now like to hand the conference over to the CEO, Mr. Alberto Nagel. Please go ahead, sir.

Alberto Nicola Nagel
Mediobanca Banca di Credito Finanziario S.p.A. - CEO & Director

Good afternoon, and thank you for joining this full year results call. This, as you know, was the last year of the plan, and we were able to over deliver compared to the targets of the 3 years plan. And this is, I think, the best way to enter in the new plan that we have communicated announced to the market in May, and we are already -- on which we are already working on.

So the growth has been visible in terms of revenue, where we have achieved a 16% increase to all-time high of EUR 3.3 billion, and this is driven by the long-standing work on business diversification. Clearly, NII has been a positive news this year with plus 22%. We have managed to maintain a fee

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