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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Q3 2023 Mediobanca Banca di Credito Finanziario SpA Earnings Call Transcript

May 11, 2023 / 01:00PM GMT
Release Date Price: €10.02 (-0.05%)
Operator

Good day. Thank you for standing by. Welcome to Mediobanca Third Quarter 2022 Results Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded.

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

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

Good afternoon, and thank you for joining the call. So basically commenting the 9-month results, we have to highlight that we have reached all-time high revenue and net profit. And this level clearly puts us ahead of our 3 years plan. So revenues were up 13%, 80% of the target of the budget -- of the plan and profit were in the region of EUR 800 million, a 10% year-on-year.

EPS up 12% and ROTE up from 10% to 13%. Even the last quarter results show a sound profitability trend, where revenue were a second best quarter ever at EUR 760 million. NII continued to grow at EUR 455 million, which was up 22% year-on-year and 8% on adjusted basis. We have experienced a very nice rebound

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