The Board of Directors of Cassa Depositi e Prestiti spa (CDP), chaired by Giovanni Gorno Tempini, approved the financial statements project, the Consolidated budget at 31 December 2024which closes with a consolidated net profit of 6 billion Euro (5 billion in 2023), growing 1 billion for the greater contribution of the investee companies.
The consolidated numbers of the group
In 2024, the CDP group has engaged resources for about 24.6 billion of euros, in increase of 23% Compared to 20.1 billion in 2023, confirming the focus on employment with high impact for the country. The group’s operations made it possible to Support investments for a total of 68.8 billiongrowing 28% compared to 53.8 billion of the previous year, also thanks to the attraction of additional capital, with a lever effect of 2.8 times the resources committed.
The Stock of credits of CDP in support of companies, public administration, infrastructure and international cooperation is equal to 126 billion euros, increase of 2% if compared with the previous exercise and 10% compared to 2021. In a market context characterized by the contraction of jobs to companies in Italy, it stock of credits stipulatedwhich also takes into account commitments and guarantees, has exceeded 150 billion at the end of 2024 overall euros, with a growth of 8% compared to the data recorded in 2021.
There overall collection is equal to 356 billion of euros, of which 290 billion relating to postal savings, up 2% compared to the end of 2023 (285 billion). At the same time, the bond collection stands at 20 billion, an increase of 10% compared to the closure of the previous year, also thanks to the placement of the second bond emission in dollars (Yankee Bond) and the tenth Bond Esg of CDP.
CDP SPA in profit for 3.3 billion
The net profit of CDP SPA rises to the historic maximum of 3.3 billion euros, increase of 7% Compared to 2023 when for the first time he had exceeded the threshold of 3 billion, reaching 3.1 billion. The result was achieved thanks also to the growth of the margin of interest and the best overall trend of the participatory portfolio.
The equity of CDP SPA, equal to 30 billion euros, is growing compared to 2023 (28 billion) thanks to the profit accrued in the year, net of the dividends distributed in line with the piano hypotheses.
The Board of Directors also approved a proposal for the destination of the net profit of the year 2024 a dividing by 2.1 billion euros. The budget project and the proposal for the destination of the net profit of the year will be submitted to the approval of the shareholders’ meeting which will be convened by the Board of Directors.
Strategic plan 22-24 surpasses three-year objectives
In the three-year period 2022-24 the CDP group has widely exceeded the objectives set in the strategic plan. The resources committed they went up to 75 billioncompared to a 65 billion target (exceeding estimates by 15%). The investments supported have exceeded 200 billion (attesting to 202 billion), against the target of the start of the floor of 128 billion. The lever effect generated between the resources engaged and the investments supported, equal to 2.7 times in the three -year period, has stood at a value higher than the three -year target, equal to 2 times.
In the period, the growth of the group’s operations allowed the realization of useful for about 9 billion Euro overall, while the adoption of a prudent approach in capital management has allowed a significant strengthening of the patrimonial soliditywhich at the end of the three -year period was highly higher than the start values.
The operating approach was characterized by a growing orientation towards the impactadopted as a guide criterion for financing and investment decisions, together with risk and performance. In the period 2022-2024, CDP every year has on average the equivalent of 1.5% of the GDP generated national and contributed to creating or maintaining 400,000 jobs. There were about 65,000 companies financed Directly or through the banking channel and about 3,000 public administration bodies supported.
