Banca Sistema SpA (CHIX:BSTm)
€ 1.436 (0%) Market Cap: 143.70 Mil Enterprise Value: 212.71 Mil PE Ratio: 4.44 PB Ratio: 0.46 GF Score: 67/100
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Q1 2025 Banca Sistema SpA Earnings Call Transcript

May 9, 2025 / 01:00 PM GMT
Release Date Price: €1.44

Key Points

Positve
  • Banca Sistema SpA (FRA:B2S) reported a 60% year-on-year revenue growth, with adjusted interest income more than doubling.
  • Pre-tax profit almost tripled year-on-year, with net income reaching EUR 11.6 million, achieving 45% of the previous year's total profits in just one quarter.
  • The factoring division saw a 64% increase in net profit, and the pawnbroking division experienced a 250% increase.
  • The cost of funding decreased from 3.62% to 3.1%, positively impacting profitability.
  • Capital ratios were slightly better than forecasted, with CET1 ratio at 12.4% and total capital ratio at 14.9%.
Negative
  • Costs increased by 9% year-on-year due to higher employee numbers and administrative expenses.
  • The cost of risk rose to 57 basis points from 17 basis points a year ago.
  • Total assets decreased by 4% quarter-on-quarter due to lower financial portfolio and customer loans.
  • The CQ division continued to operate at a loss, although the loss was reduced from EUR 4.2 million to EUR 2.8 million year-on-year.
  • Gross past due loans increased significantly from EUR 101 million to EUR 333 million due to new classification rules.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BSTA.MI - Banca Sistema SpA
Q1 2025 Banca Sistema SpA Earnings Call
May 09, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon. This is the COUSCO conference operator.

Welcome and thank you for joining the Banker Systema first quarter 2025 results conference call. As a reminder, all participants are in listen-only mode.

After the presentation, there will be an opportunity to ask questions. Should anyone need assistance during the conference call, they may signal an operator by pressing and 0 on their telephone. At this time, I would like to turn the conference over to Mr. Jean-Lucca Garbi, CEO of Banca Systema. Please go ahead, sir.

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Unidentified_2 [2]
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