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FinecoBank
Earnings Release • Jan 8, 2025
4321_er_2025-01-08_34bcc8d3-0085-4cf5-aa12-baa7530d31c6.pdf
Earnings Release
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| Informazione Regolamentata n. 1615-2-2025 |
Data/Ora Inizio Diffusione 8 Gennaio 2025 10:30:11 |
Euronext Milan | |
|---|---|---|---|
| Societa' | : | FINECOBANK | |
| Identificativo Informazione Regolamentata |
: | 200151 | |
| Utenza - Referente | : | FINECOBANKN02 - Spolini Paola | |
| Tipologia | : | REGEM | |
| Data/Ora Ricezione | : | 8 Gennaio 2025 10:30:11 | |
| Data/Ora Inizio Diffusione | : | 8 Gennaio 2025 10:30:11 | |
| Oggetto | : | FINECOBANK_PR TOTAL NET SALES DECEMBER 2024 |
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| Testo del comunicato |
Vedi allegato
PRESS RELEASE
DECEMBER NET SALES AT €1.2 BILLION, ABOVE € 10 BILLION YTD AUM NET SALES OVER € 4 BILLION IN 2024, RECORD OF NEW CLIENTS
- December net sales at € 1,218 million. AuM at € 783 million
- Net Sales YTD at € 10.1 billion. Asset under Management at € 4.1 billion
- FAM: December retail net sales at € 501 million, assets at € 36.8 billion (1)
- Brokerage: revenues in December at € 18 million (1)
Milan, January 8 th, 2025
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Total net sales in December 2024 stood at € 1,218 million, equal to € 10.1 billion since the beginning of the year and overcoming by far the whole 2023 net sales of € 8.8 billion (+15% y/y). Fineco confirmed to be the reference platform for any financial need, and records in December a further growth in new clients (13,581, +39% compared to December 2023). The asset mix highlights a strong growth of Asset under Management net sales component at € 783 million (from € 184 million in December 2023), the best figure for the Bank in 3 years, while Fineco Asset Management records retail net sales at € 501 million, the highest level since January 2023. Asset under Custody net sales were equal to € -542 million, and deposits were positive at € 977 million.
Brokerage revenues equaled to around € 18 million in December(1), reaching in 2024 around € 217 million (+13% y/y). Executed orders are equal to 42.4 million (+10% y/y).
Alessandro Foti, CEO and General Manager of FinecoBank, commented:
"Brilliant total net sales in December strengthens the positive indications emerged during 2024, with the overall figure overcoming € 10 billion and characterized by the robust growth of the assets under management. Our financial advisors have played a crucial role in supporting the investing decisions of customers, thanks to our advanced platform enriched by the new solutions of Fineco Asset Management. The record high of new customers in 2024 confirms the attractiveness and the quality of our business model, thus opening the way to new growth opportunities for the current year."
1 Preliminary figures
figures in € million
| TOTAL NET SALES | DEC 2024 | DEC 2023 | JAN-DEC '24 | JAN-DEC '23 |
|---|---|---|---|---|
| Assets under management | 782.9 | 183.6 | 4,092.8 | 2,662.0 |
| Assets under custody | -542.3 | -232.7 | 4,779.0 | 8,258.4 |
| o/w Third party deposit current accounts | -33.8 | -22.0 | -326.2 | 268.6 |
| Direct deposits | 977.1 | 1,275.2 | 1,210.9 | -2,128.1 |
| TOTAL NET SALES | 1,217.8 | 1,226.1 | 10,082.7 | 8,792.4 |
| TOTAL FINANCIAL ASSETS | DEC 2024 | DEC 2023 | ||
| Assets under management | 66,382.6 | 58,016.1 | ||
| Assets under custody | 44,715.0 | 36,098.5 | ||
| o/w Third party deposit current accounts | 303.6 | 629.8 | ||
| Direct deposits | 29,668.2 | 28,441.8 | ||
| TOTAL FINANCIAL ASSETS | 140,765.8 | 122,556.5 |
FAM, retail net sales at € 501 million, € 3.5 billion since the beginning of the year
In December, Fineco Asset Management recorded retail net sales equal to € 501 million, bringing the total since the beginning of the year at € 3.5 billion. FAM assets as of December 31 st, 2024 reached € 36.8 billion(1) , of which € 25.0 billion retail class (+25% y/y) and € 11.8 billion institutional class (+8% y/y). The penetration rate of FAM retail classes on the Bank's Asset Under Management reached 37.7% compared to 34.5% a year ago.
Total Financial Assets above € 140 billion, Private Banking over € 68 billion
Total Financial Assets were equal to € 140.8 billion, compared to € 122.6 billion in December 2023 (+15%). In particular, TFA related to Private Banking were at € 68.4 billion, compared to € 56.0 billion in December 2023 (+22%).
More than 13,500 new clients in December, total clients at 1.66 million
In December, 13,581 new clients were acquired (+39% y/y), leading to 152,357 new clients since the beginning of the year (+28% y/y). As of December 31 st, 2024 total number of clients reached 1,655,649.
figures in € million
| PFA NETWORK NET SALES | DEC 2024 | DEC 2023 | JAN-DEC '24 | JAN-DEC '23 |
|---|---|---|---|---|
| Assets under management | 784.8 | 187.2 | 4,128.0 | 2,677.2 |
| Assets under custody | -558.9 | -170.1 | 2,994.7 | 6,176.7 |
| o/w Third party deposit current accounts | -17.3 | -10.2 | -171.0 | 167.8 |
| Direct deposits | 713.5 | 921.5 | 711.1 | -1,743.9 |
| TOTAL NET SALES | 939.4 | 938.6 | 7,833.8 | 7,110.1 |
| PFA NETWORK TFA | DEC 2024 | DEC 2023 | ||
| Assets under management | 65,913.8 | 57,551.2 | ||
| Assets under custody | 32,963.3 | 27,020.9 | ||
| o/w Third party deposit current accounts | 173.7 | 344.7 | ||
| Direct deposits | 22,863.4 | 22,133.3 | ||
| TOTAL FINANCIAL ASSETS | 121,740.5 | 106,705.5 |
| EXECUTED ORDERS | DEC 2024 | DEC 2023 |
|---|---|---|
| Equity Italy | 15,663,735 | 14,011,941 |
| o/w internalized | 3,803,076 | 3,731,490 |
| Equity US + other markets | 8,587,427 | 6,212,134 |
| Bonds | 1,633,236 | 1,430,330 |
| Derivatives | 10,253,231 | 10,206,657 |
| o/w internalized Italy | 767,460 | 866,712 |
| CFD | 2,546,696 | 2,822,828 |
| Other | 3,734,195 | 3,830,558 |
| TOTAL EXECUTED ORDERS | 42,418,520 | 38,514,448 |
Contacts: Fineco - Media Relations Fineco - Investor Relations Tel.: +39 02 2887 2256 Tel. +39 02 2887 2358 [email protected] [email protected]
Barabino & Partners Tel. +39 02 72023535 Emma Ascani [email protected] +39 335 390 334
| Numero di Pagine: 5 |
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