Mediobanca SpA (WBO:MB)
€ 14.99 0.225 (1.52%) Market Cap: 12.71 Bil Enterprise Value: 36.16 Bil PE Ratio: 15.13 PB Ratio: 1.16 GF Score: 71/100
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Q1 2020 Mediobanca Banca di Credito Finanziario SpA Earnings Call Transcript

Oct 24, 2019 / 12:00PM GMT
Release Date Price: €10.78 (+0.56%)
Operator

Ladies and gentlemen, thank you for standing by and welcome to the Mediobanca First Quarter 2019/2020 Results Conference Call. (Operator Instructions) I must advise you that this conference is being recorded today, the 24th of October 2019.

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

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

Thank you very much, and welcome to the call. In a nutshell, this quarter confirms that the pillar of the so-called value cycle of Mediobanca are working very nicely in the sense that business that are very vertical and specialized, focused on high margin and whose trend of growth is linked to long-standing factor play in the right way in order to continue to grow the top line of the group. So this is important because, as you know, we have entered in a very tough framework of interest rates, and so understanding the resiliency of our business model was an important test. Well, this test was very positively

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