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Q1 2020 FinecoBank Banca Fineco SpA Earnings Call Transcript
Good afternoon. This is the Chorus Call conference operator. Welcome and thank you for joining the FinecoBank First Quarter 2020 Results Conference Call.
(Operator Instructions) At this time, I would like to turn the conference over to Mr. Alessandro Foti, CEO and General Manager of FinecoBank. Please go ahead, sir.
Good afternoon, everyone, and thank you for joining our first quarter 2020 results conference call. Today, we will also present our U.K. business right after the Q&A session of the first quarter results. Before we start going through the details of the presentation, let me please underline the key messages for the quarter.
Once again, this set of results confirms the soundness of our business model able to deliver sustainable and industrial growth in every market condition with brokerage strongly performing and acting as a perfect countercyclical business.
Adjusted net profit stood at EUR 92 million in the first quarter and plus -- for
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