Q4 2020 Gruppo MutuiOnline SpA Earnings Call Transcript
Good afternoon. This is the conference call operator. Welcome, and thank you for joining the presentation of Gruppo MutuiOnline Full Year 2020 Results Conference Call. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Marco Pescarmona, Chairman; Mr. Alessandro Fracassi, CEO; and Mr. Francesco Masciandaro, CFO of Gruppo MutuiOnline. Please go ahead, gentlemen.
Thank you. This is Marco, and welcome, everybody, to our full year 2020 presentation. We rely as usual on the document that is present on our website, and we will start from Page 17 with the full year highlights. And clearly, 2020 was a strong year for us. We had revenues of EUR 259.2 million, up 17.8% compared to EUR 219.9 million in 2019. The operating income in 2020 is EUR 63.1 million, and that's up 24.3% year-on-year compared to EUR 50.8 million in 2019. The EBIT margin is 24.4% in 2020, and that compares to 23.1% in 2019.
The net income is -- well, the net income requires some
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