Very positive quarterly and nine-month results for UnicadetThat, after fifteen consecutive quarters of growth, revises guidance for the current year and upward prospects for the coming years, offering more attractive returns to shareholders and laying the foundations for future growth.
Quarterly results
In the third quarter of the year, i Total revenue rose 2.9 percent to 6.1 billion Compared to last year, driven by commissions (+8.5%), partly due to interest margin (-1%) and income from trading activities (-7.7%). Net income reached 6 billion in the quarter, up 2.6 percent year-over-year. Gross operating margin Ha exceeded 3.8 billion (+5.7%).
Net profit was 2.5 billion, an increase of 8.2 percent (2.2 billion) compared to the same period last year and above market estimates. This is the fifteenth consecutive quarter of growth.
Nine months of development
However, the results up to September 30 show. Net profit of 7.7 billion euros, a 16 percent increase Compared to the same period last year.
i Total income They stood at 18.8 billion 5.5 percent increase Compared to last year, all revenue components: interest margin (+3%), commissions (+7.2%) and trading income (+4.7%). Gross operating margin rose 9.8 percent to 11.9 billion.
Solid CET1 ratio of 16.1% Despite the impact of strategic investments, supported by record organic capital generation of €3.5 billion1 in the quarter.
The guidance was revised upwards in 2024.
in Piazza Gae Aulenti thanks to the good results achieved so far by the bank. Revised upward guidance for 2024 net profitincreased to More than 9 billionor about 10 billion adjusted. However, one distribution has been confirmed to distribute For FY 2024 As per last year.
For fiscal years 2025 and 2026the bank wishes to acquire one. Net profit exceeded 9 billion. And the profit sharing is higher than in 2024. supply of to distribute will be done 40% to 50% of net profit beginning with the 2025 fiscal year results
A new phase of the plan
The bank now opens. “A New Phase of the Project” And – he says – “After the success of our transformation, we still have one more ahead. Quality sustainable development“
“It is clear that we have rebuilt our ability to change, adapt and excel with a clear, coherent and essential strategic vision,” he stressed. CEO Andrea Orsel“As a demonstration of the confidence we have in our sustainable and quality development, We will increase our dividend to 50% of profits. Net start-up in 2025, up from 40% currently, given our earnings strength and our organic capital generation. During the cycle, We will continue to demonstrate solid profitability. and optimal distribution”.
A mention cannot be missedCommerzbank operationRegarding which the CEO says that “This may or may not lead to a complete fusion.“,” in accordance with our discipline towards inorganic options, which we continue to evaluate against strict financial criteria, retaining the option for the future, but Priority What remains is the determination of ” Accelerate our undisputed leadership. in the industry and to achieve their ambitions Organic growth“
