Q3 2023 Mediobanca Banca di Credito Finanziario SpA Earnings Call Transcript
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.
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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