Italy · Delayed Price · Currency is EUR Banca Mediolanum Earnings Call Transcripts
Fiscal Year 2025
-
Record net income and commercial momentum drove double-digit growth in 2025, with strong inflows, improved cost efficiency, and a robust capital position. 2026 guidance targets further growth in managed assets, NII, and dividends, supported by ongoing investments in technology and advisory.
-
Net income rose 8% YoY to €726m, with strong managed asset inflows and recurring fees driving growth. Guidance for 2025–2026 remains robust, with double-digit NII growth expected in 2026 and a rising dividend, supported by a strong capital base.
-
H1 2025 saw net income rise 6% YoY to €477.3M, with strong managed asset inflows and resilient core business offsetting lower net interest income. Guidance for 2025 was raised for managed asset inflows, and capital strength remains a key differentiator.
-
Q1 2025 saw net income rise 10% YoY to €243.3M, with record managed asset inflows and strong customer growth. NII declined 18% due to deposit promotions, but commission income and efficiency offset this. Guidance for 2025 remains unchanged, with robust capital and new initiatives targeting high-net-worth clients.
Fiscal Year 2024
-
2024 delivered record net income of €1.12 billion and €10.4 billion in net inflows, with strong growth in managed assets and recurring fees. Guidance for 2025 remains positive, with robust capital ratios and continued focus on organic growth.
-
Record net inflows and double-digit growth in commission and interest income drove a 16% rise in operating margin and a 13% increase in total assets. 2024 guidance for managed asset inflows was raised, with strong capital ratios and higher dividends planned.
-
Net income rose 24% year-over-year to EUR 449.9 million, with strong growth in recurring commission income and record customer acquisition. 2024 guidance for net inflows into managed assets was raised to EUR 6.5–7 billion, and capital ratios remain robust, supporting higher dividends.