Q1 2025 Banca Generali SpA Earnings Call Transcript

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May 09, 2025

May 09, 2025 / 12:00PM GMT
Operator

Good afternoon. This is the Chorus call conference operator. Welcome and thank you for joining the Banca Generali first quarter 2025 results conference call. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Gian Maria Mossa, CEO and General Manager of Banca Generali. Please go ahead, sir.

Gian Maria Mossa - Banca Generali SpA - Chief Executive Officer, General Manager, Executive Director

Good afternoon and thank you for attending our first conference call on quarterly results. Let's say that as usual, we will start with a comment on the results of the first quarter and then, we will give you a first update on the voluntary exchange offer we have received from Mediobanca.

Slide 3, as usual, you can see an executive summary with the most important events of the first quarter. We closed the first quarter with very solid profit. The current net profit closed at EUR87 million and also reported the overall net profit was pretty strong at EUR110 million, thanks to a contribution of also the more volatile component

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