Societe Generale SA (XTER:SGE)
€ 25.11 0.11 (0.44%) Market Cap: 19.99 Bil Enterprise Value: 9.62 Bil PE Ratio: 8.52 PB Ratio: 0.31 GF Score: 65/100

Q3 2022 Societe Generale SA Earnings Call Transcript

Nov 04, 2022 / 10:30AM GMT
Release Date Price: €24.08 (+2.45%)
Operator

Ladies and gentlemen, welcome to the Societe Generale Q3 2022 Conference Call. Gentlemen, please go ahead.

Frederic Oudea;tÃ;GÃ;nÃ;rale SociÃ;tÃ;anonyme;CEO
SociÃ;MD & Director

©©©©©©- -

Hello. Good morning, everyone. Thanks for attending this call. I hope you are all well. As usual, with Claire, our CFO, I will try to make a short presentation and then the whole management team will be at your disposal to answer your questions.

Let's turn to Slide 3, which is the summary of our performances in the third quarter, obviously, a strong quarter. EUR 1.4 billion of net profit in terms of underlying and 1.5 reported -- EUR 1.5 billion, double-digit return on tangible equity. If we look at the first nine months, the underlying net result is up more than 11% compared with last year, which was already, as you know, a historically high level of results. And the underlying return on tangible equity is for the first 9 months at 10.4%.

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