Q3 2020 Gruppo MutuiOnline SpA Earnings Call Transcript
Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the presentation of Gruppo MutuiOnline Third Quarter 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. Please go ahead.
Thank you. This is Marco Pescarmona, and welcome to our call. We will rely on the presentation that we just published on our website, and we will start from Page 15 of the document. And here we have the Q3 highlights. And as you can see, we have reasons to be happy of the Q3 performance. In Q3 2020, we posted revenues of EUR 58.6 million, which is up 20.5% compared to EUR 48.6 million of Q3 2019. In terms of operating income, we posted an EBIT of EUR 14.7 million, which is up 33.5% compared to the same period of the previous year. And this corresponds to an EBIT margin of 25.2%, which compares to 22.7% in the same period
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