Banca Sistema SpA (CHIX:BSTm)
€ 1.436 (0%) Market Cap: 143.06 Mil Enterprise Value: 212.07 Mil PE Ratio: 4.44 PB Ratio: 0.46 GF Score: 65/100
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Q3 2024 Banca Sistema SpA Earnings Call Transcript

Nov 8, 2024 / 02:00 PM GMT
Release Date Price: €1.56

Key Points

Positve
  • Banca Sistema SpA (FRA:B2S) reported a 19% year-on-year revenue growth in the first nine months of 2024, driven by strong performance in adjusted net interest income.
  • Factoring turnover showed a double-digit growth of 12% year-on-year, indicating robust commercial dynamics.
  • The pawn loans business experienced a 9% year-on-year increase in outstanding, with total turnover rising by 28% year-on-year.
  • Adjusted pre-tax profit increased by 37% year-on-year to EUR 26.2 million, while adjusted net profit rose by 27% year-on-year to EUR 15.8 million.
  • The CET1 ratio and total capital ratio fully phased improved year-on-year, reflecting a strong capital position with ample buffers.
Negative
  • The cost of risk increased slightly year-on-year to 20 basis points from 18 basis points in the first nine months of 2023.
  • Operating costs, including systemic charges, grew by 17.6% year-on-year, partly due to the accounting of deposit guarantee scheme provisions.
  • The CQ loans turnover grew by 16% year-on-year, but the outstanding decreased by 10% due to prepayments and portfolio disposals.
  • Interest expenses showed only a slight decrease quarter-on-quarter, indicating persistent funding cost pressures.
  • The CQ business continued to contribute negatively to the group's net profit, highlighting ongoing challenges in this segment.


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

BSTA.MI - Banca Sistema SpA
Q3 2024 Banca Sistema SpA Earnings Call
Nov 08, 2024 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon. This is the KCO conference operator. Welcome and thank you for joining the Banca Systema first nine month 2024 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 star and zero on the telephone. At this time, I would like to turn the conference over to Mr Gian Luca Garbe CEO of DCAS. Please go ahead sir.

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Unidentified_2 [2]
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