FinecoBank

Earnings Release • Jan 8, 2019

Informazione Regolamentata n. 1615-2-2019		Data/Ora Ricezione 08 Gennaio 2019 13:09:01	MTA
Societa'	:	FINECOBANK
Identificativo Informazione Regolamentata	:	112657
Nome utilizzatore	:	FINECOBANKN01 - Spolini
Tipologia	:	REGEM
Data/Ora Ricezione	:	08 Gennaio 2019 13:09:01
Data/Ora Inizio Diffusione presunta	:	08 Gennaio 2019 13:09:02
Oggetto	:	PR Total Net Sales December 2018
Testo del comunicato

Vedi allegato.

PRESS RELEASE

FinecoBank:

• 2018 net sales best result ever at € 6,222 million (+4% y/y) despite the complex market scenario
• Net sales in December at € 797 million, of which net sales in Guided Products and services € 223 million
• Total Financial Assets: € 69.3 billion (+3% y/y)
• Guided products on AuM stock at 67% (+4 p.p. y/y)
• Total Assets managed by Fineco Asset Management: € 10.0 billion, of which € 6.0 billion retail class
• Almost 1,280,000 total customers (+6% y/y), of which 111,541 new customers acquired in 2018
• 25.9 million of executed orders in 2018

Milan, January 8 th 2019

Despite the complex market scenario, in 2018 FinecoBank achieved best result ever in terms of net sales: € 6,222 million (+4% y/y), with high quality inflows gathered without short-term commercial incentives. The net sales mix was coherent with a more complex market environment compared to the previous year: Asset under Management totaled € 2,263 million, Asset under Custody amounted at € 1,830 million and direct depos totaled € 2,128 million.

Since the beginning of the year "Guided products & services" net sales amounted at € 2,766 million and the launch of a new generation of products and services is very appreciated by clients: Plus service reached € 4,243 million since its recent launch and Core Multiramo Target € 740 million. Penetration rate of Guided Products increased at 67% on total AuM compared to 63% in December 2017.

In December, we confirm solid net sales amounting at € 797 million (-19% y/y). Net sales in Asset under Management were at € 155 million, Asset under Custody totaled € 88 million and direct deposits amounted at € 554 million.

Since the beginning of the year net sales through the network of personal financial advisors reached € 5,453 million (+1% y/y).

Total Financial Assets were at € 69,333 million (+3% compared to December 2017). In particular, TFA related to Private Banking segment, i.e. with assets above € 500,000, totaled € 25,830 million, aligned to 2017.

Fineco Asset Management managed € 10.0 billion of assets, of which € 6.0 billion retail class and around €4.0 billion institutional class as of December 31 st , 2018.

Since the beginning of the year 111,541 new clients have been acquired (-3% y/y), of which 6,866 in December. Total number of customers was almost 1,280,000 as of December 31 st 2018, up 6% compared to 2017.

As regards to brokerage, 25.9 million orders were executed in 2018, in line with 2017.

Alessandro Foti, CEO and General Manager of FinecoBank, commented:

"In 2018 Fineco registered new record net sales. A great achievement for two main reasons: firstly, we have once again been able to gain the trust of our customers thanks to the quality of our services, without any aggressive commercial offers; secondly, this result was achieved in a very complex market scenario. A context in which our financial advisors confirm their professionalism and drive customers in a process of long-term financial planning. All these reasons allow us to look with optimism to 2019 challenges".

figures in € million
TOTAL NET SALES	DEC	JAN - DEC	JAN - DEC
	2018	2018	2017
Assets under management	155.0	2,262.9	4,025.6
Assets under custody	87.8	1,830.4	470.5
Direct deposits	554.2	2,128.2	1,462.0
TOTAL NET SALES	797.0	6,221.5	5,958.1

figures in € million

PFA NETWORK NET SALES	DEC	JAN - DEC	JAN - DEC
	2018	2018	2017
Assets under management	157.0	2,273.0	4,002.5
Assets under custody	70.5	1,295.4	282.1
Direct deposits	395.0	1,885.0	1,119.8
TOTAL NET SALES PFA NETWORK	622.6	5,453.3	5,404.4

figures in € million
----------------------	--

	DEC	DEC
TOTAL FINANCIAL ASSETS	2018	2017
Assets under management	33,484.7	33,562.8
Assets under custody	13,779.0	13,681.1
Direct deposits	22,068.9	19,940.7
TOTAL FINANCIAL ASSETS	69,332.6	67,184.6

figures in € million

	DEC	DEC
PFA NETWORK TFA	2018	2017
Assets under management	33,034.6	33,047.3
Assets under custody	10,307.4	10,157.1
Direct deposits	16,567.6	14,682.5
PFA NETWORK TFA	59,909.6	57,886.9

EXECUTED ORDERS	Full Year 2018	Full Year 2017
Equity Italy	12,356,441	12,331,652
o/w internalized	3,120,906	3,047,966
Equity US + other markets	3,686,237	3,053,611
Bond, derivatives, cfd, other	9,884,220	10,426,964
TOTAL EXECUTED ORDERS	25,926,898	25,812,227

FinecoBank

FinecoBank, the multichannel bank of the UniCredit Group, is one of the most important FinTech banks in Europe. It offers from a single account banking, credit, trading and investment services though transactional and advisory platform developed with proprietary technologies, and combined with one of the largest financial advisory network in Italy. Fineco is a bank leader in brokerage in Europe, and one of the most important player in Private Banking in Italy, offering tailor-made advisory services. Since 2017, FinecoBank is also in UK with an offer focused on brokerage and banking services.

Contacts:

Fineco - Media Relations Fineco - Investor Relations Tel.: +39 02 2887 2256 Tel. +39 02 2887 3295 mediarelations@finecobank.com investors@finecobank.com

Barabino & Partners Tel. +39 02 72023535 Emma Ascani e.ascani@barabino.it

+39 335 390 334 Tommaso Filippi t.filippi@barabino.it +39 366 644 4093