Unicredit Once again it follows excellent results with the best profitable growth quarter, characterized by a useful record -breaking, a high performance on tangible net heritage (Rotte), and a growing capital.
“Significantly quality results above expectations In all financial metrics, “underlines the bank of Piazza Gae Aulenti. Orcel:” These premises make us confident in increasing our guidance for net profit and 2025 distribution, and convinced of our ambition for 2027 “.
The results of the quarter
The Unicredit group scored the Best quarter of history and above the estimates with a net profit Relzo of 8.3% to 2.8 billion euros, compared to the previous year. This has remarked by the continuous excellent profitability and creation of value for shareholders, with a wheel of 22%, up 2.4 percentage points compared to the previous year, and with an EPS of 1.79 euros on the rise of 18.2 percent compared to the previous year. THE revenues clear they reached 6.5 billion, supported by a margin of interest (“nii”) equal to 3.5 billion, commissions of 2.3 billion, income from negotiation activities of 0.6 billion, and provisions for losses on credits (“LLPS”) equal to 83 million. The margin of interest It decreased by 4.8 percent quarter on the quarter by reaching 3.5 billion, a resilient performance in light of the lower number of calendar days and the middle lower Euribor in the quarter.
Excess capital has increased and is found in a range between about 8.5 and 10 billion compared to the CET1 Ratio Objective of 12.5-13%, or about 7.5 billion net of the most volatile items. Operating costs stood at 2.3 billion, up 0.6% year on year due to the larger perimeter, or down 1.3% per unchanged perimeter. The cost/revenue ratio is 35.4%.
In 2025 Unicredit useful estimate to 9.3 billion and revenues at 23.5 billion
On the basis of results higher than expectations in 1TRIM25, the Group Update the Guidance for the FY25with possible Upside. In particular, the guidance for net profit in the 2025 exercise is now greater than 9.3 billion with a wheel greater than 17%. The distributions to the shareholders will be higher than those to be worth on the year 2024, thanks to the highest growth of net profit. THE Net revenues for 2025 are expected to around 23.5 billionbetter than what initially anticipated thanks to a more solid first quarter and a more contained risk cost. Unicredit confirms the ambitions for a net profit equal to about 10 billion in 2027, for a wheel above 17% and for more annual distributions than that of 2024 in the period 2025-27, including a dividend equal to 50% of the net profit and additional inclusive distributions of excess capital compared to a CET1 Ratio of 12.5-13%.
Orcel: better results in the history of the bank
“Unicredit recorded an extraordinary series of results in the first quarter, exceeding expectations in all financial metrics and expanding the positive gap compared to competitors”
he said Andrea Orcel, CEO of Unicredit.
“We have achieved the best results in the history of Unicredit and the seventeenth consecutive trimester of profitable growth. The Rotte increased to 22%, among the best in the sector, with the excess capital that reached 10 billion. The net profit increased by 8.3% to 2.8 billion. The commissions increased by a remarkable 8.2% year on the year thanks to the commercial. The expected reduction in the margin of interest has been compensated. Our defense lines have been strengthened and positioned us at the best for a large spectrum of macroeconomic scenarios. We are positioned for a series of inorganic possibilities in our markets but we will pursue only those capable of improving our strong and resilient standalone investment case “.
Orcel: confident of increasing Guidance 2025
“The macroeconomic scenario has become more complex and uncertain. In this context we present a positive and resilient differentiated investment case, with a high degree of visibility on profits and distribution, for the benefit of our shareholders and for their safety. These premises make us both Confident in increasing our guidance for net profit and 2025 distributionis convinced of our ambition for 2027
