Earnings Release • Dec 6, 2017
Earnings Release
Open in ViewerOpens in native device viewer
| Informazione Regolamentata n. 1615-83-2017 |
Data/Ora Ricezione 06 Dicembre 2017 13:49:04 |
MTA | |
|---|---|---|---|
| Societa' | : | FINECOBANK | |
| Identificativo Informazione Regolamentata |
: | 96808 | |
| Nome utilizzatore | : | FINECOBANKN02 - Spolini | |
| Tipologia | : | REGEM | |
| Data/Ora Ricezione | : | 06 Dicembre 2017 13:49:04 | |
| Data/Ora Inizio Diffusione presunta |
: | 06 Dicembre 2017 13:49:05 | |
| Oggetto | : | Press Release - Total Net Sales November | |
| Testo del comunicato |
Vedi allegato.
In November, net sales amounted at € 280 million (+34% y/y), net of € 296 million taxes paid by customers, confirming that Fineco is used by its clients as primary bank. Net sales in Asset under Management were at € 537 million, Asset under Custody totaled € 84 million and direct deposits amounted at € -342 million.
FinecoBank recorded total net sales of € 4,970 million since the beginning of 2017 (+20% y/y), confirming the continuous improvement in the asset mix with respect to 2016, as highlighted in the previous months: Asset under Management totaled € 3,420 million (+136% compared to the same period of 2016) equal to 69% on total net inflows, Asset under Custody amounted at € 590 million and direct depos totaled € 960 million. Since the beginning of the year "Guided products & services" net sales amounted at € 3,975 million, increasing the penetration rate at 63% on total AuM compared to 56% in November 2016 and December 2016.
Since the beginning of the year net sales through the network of personal financial advisors reached € 4,607 million, +26% compared to last year.
Total Financial Assets were at € 66,218 million (+10% compared to December 2016 and +14% y/y).
In terms of customers' acquisition, since the beginning of the year 107,147 new clients have been acquired (+7% y/y), of which 9,840 in November (+10% y/y). Total number of customers was close to 1,196,000 as of November 30th 2017, up 7% compared to November 2016.
Alessandro Foti, CEO and General Manager of FinecoBank, commented:
"The month of November confirms the trend of solid growth in total net sales with an asset mix extremely positive. A result recorded in a month seasonally characterized by the tax payment by our customers, confirming once again their use of Fineco as their primary bank because of the quality and range of services
offered. November has also registered a strong acceleration of AUM sales and of our advanced advisory solutions, increasingly appreciated by customers asking for a professional management of their assets. ".
| figures in € million | ||
|---|---|---|
| TOTAL NET SALES | NOV | JAN - NOV | JAN - NOV |
|---|---|---|---|
| 2017 | 2017 | 2016 | |
| Assets under management | 537.2 | 3,420.1 | 1,452.2 |
| Assets under custody | 84.5 | 589.8 | 912.8 |
| Direct deposits | -342.0 | 960.1 | 1,781.8 |
| TOTAL NET SALES | 279.7 | 4,970.0 | 4,146.8 |
| NOV | JAN - NOV | JAN - NOV | |
|---|---|---|---|
| PFA NETWORK NET SALES | 2017 | 2017 | 2016 |
| Assets under management | 533.8 | 3,398.3 | 1,470.9 |
| Assets under custody | 50.6 | 399.2 | 690.4 |
| Direct deposits | -290.8 | 809.6 | 1,480.7 |
| TOTAL NET SALES PFA NETWORK | 293.6 | 4,607.1 | 3,642.0 |
| TOTAL FINANCIAL ASSETS | NOV | DEC | NOV |
|---|---|---|---|
| 2017 | 2016 | 2016 | |
| Assets under management | 32,485.7 | 28,607.9 | 27,757.0 |
| Assets under custody | 14,282.9 | 13,077.7 | 12,884.2 |
| Direct deposits | 19,449.7 | 18,509.5 | 17,383.6 |
| TOTAL FINANCIAL ASSETS | 66,218.3 | 60,195.1 | 58,024.8 |
| PFA NETWORK TFA | NOV | DEC | NOV |
|---|---|---|---|
| 2017 | 2016 | 2016 | |
| Assets under management | 31,968.2 | 28,105.2 | 27,268.4 |
| Assets under custody | 10,723.9 | 9,736.1 | 9,575.9 |
| Direct deposits | 14,383.2 | 13,593.0 | 12,824.6 |
| PFA NETWORK TFA | 57,075.3 | 51,434.3 | 49,668.9 |
FinecoBank is UniCredit Group's direct multichannel bank. It has one of the largest financial advisors' network in Italy*, and is the number one broker in Italy for equity trades in terms of volume of orders**. FinecoBank offers an integrated business model combining direct banking and financial advice, with a single free-of-charge account including banking, credit, trading and investment services, also available through applications for smartphone and tablet. With its fully integrated platform, FinecoBank is the benchmark for modern investors.
*Source: Assoreti
**Source: Assosim
Contatti: Fineco - Media Relations Fineco - Investor Relations Tel.: +39 02 2887 2256 Tel. +39 02 2887 3295 [email protected] [email protected]
Barabino & Partners Tel. +39 02 72023535 Emma Ascani [email protected]
+39 335 390 334 Tommaso Filippi [email protected] +39 366 644 4093
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.