Italy · Delayed Price · Currency is EUR Generalfinance Earnings Call Transcripts
Fiscal Year 2026
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Turnover grew 9% in H1 2026, outpacing the market but below expectations due to delayed international expansion and a one-off legal settlement, which reduced net profit by 13% year-over-year. Guidance was revised conservatively, with profitability and NII expected to recover in H2.
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Turnover grew 10.5% year-over-year to EUR 905 million, with net profit stable and cost of risk low at 0.20%. Guidance for 2026 net income above EUR 32 million and turnover of EUR 4.5 billion is reaffirmed, supported by strong capital ratios and expansion in Spain and Switzerland.
Fiscal Year 2025
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Turnover grew 28% to EUR 3.87 billion and net income rose 36% to EUR 29 million, with strong risk controls and capital ratios. International expansion and SME focus drive future growth, while guidance remains conservative and well-supported.
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Turnover and net income surged 34% and 55% year-over-year, respectively, with profitability and efficiency metrics exceeding business plan targets. Guidance for 2025 net income was raised to EUR 27 million, and international expansion is progressing well.
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Turnover and net income surged 34% and 54% year-over-year, respectively, with strong client growth and efficiency gains. Guidance for 2025 is reaffirmed, supported by robust funding, low NPE ratio, and successful expansion into new markets.
Fiscal Year 2024
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Nearly all 2024 targets were met, with strong growth in interest margin, net income, and ROE. The 2025–2027 plan is conservative, focusing on core Italian business and cautious expansion in Spain and Switzerland, supported by robust capital, strategic partnerships, and digital investments.
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Turnover and net profit grew strongly in Q1 2025, with robust capital ratios and expanding international operations. Cost of risk peaked due to one-offs but is expected to normalize, and business plan targets remain on track.
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Turnover and net income grew by 20% and 19% year-over-year, respectively, with robust digital platform activity and a strong capital position. Guidance for over €20 million net income is confirmed, while the Workinvoice acquisition and Spanish expansion are expected to further boost growth.