Banca Generali (WBO:BGN)
€ 40.68 0.44 (1.09%) Market Cap: 4.64 Bil Enterprise Value: 4.31 Bil PE Ratio: 11.88 PB Ratio: 3.84 GF Score: 75/100

Q4 2019 Banca Generali SpA Earnings Call Transcript

Feb 10, 2020 / 01:00PM GMT
Release Date Price: €31.04 (+2.17%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Banca Generali 2019 Preliminary Results Conference Call. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Gian Maria Mossa, CEO and General Manager of Banca Generali. Please go ahead, sir.

Gian Maria Mossa
Banca Generali S.p.A. - GM, CEO & Director

So good afternoon, and welcome to our full year results conference call. Let's start saying that 2019 results are for several aspects, the best ever. On commercial side, we reached EUR 69 billion of assets, EUR 5.1 billion of net inflows and EUR 4.7 billion of assets under advisers. On the financial side, net profit at EUR 272 million and the core net profit at EUR 150 million.

So thanks to these results and thanks to a very solid capital position, we're going to propose a dividend at EUR 1.85 per share. Last but not least, all the initiatives we announced during our Investor Day in London are well on track, and they will contribute positively also to the

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