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Banca Mediolanum
Earnings Release • Oct 7, 2024
4204_er_2024-10-07_646cfedc-5a77-47fc-8c0a-35f723af0a73.pdf
Earnings Release
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| Informazione Regolamentata n. 1795-80-2024 |
Data/Ora Inizio Diffusione 7 Ottobre 2024 13:14:47 |
Euronext Milan | |
|---|---|---|---|
| Societa' | : | BANCA MEDIOLANUM | |
| Identificativo Informazione Regolamentata |
: | 196522 | |
| Utenza - Referente | : | BCAMEDIOLANUMN07 - Lietti Angelo - 7LVZJ6XRIE7VNZ4UBX81 |
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| Tipologia | : | REGEM | |
| Data/Ora Ricezione | : | 7 Ottobre 2024 13:14:47 | |
| Data/Ora Inizio Diffusione | : | 7 Ottobre 2024 13:14:47 | |
| Oggetto | : | Risultati commerciali del Gruppo Mediolanum (Versione in Inglese) |
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| Testo del comunicato |
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PRESS RELEASE
Total net inflows in the first 9 months reach 7.16 billion: already surpassed the entire 2023.
Record-breaking September for managed assets, approaching 600 million.
Banca Mediolanum S.p.A. announces the business results for September 2024: € 634 million, of which:
- Total net inflows: € 334 million, € 7.16 billion YTD
- Net inflows into managed assets: € 595 million, € 5.44 billion YTD
- Loans granted: € 283 million, € 2.03 billion YTD
- General insurance premiums: € 16 million, € 143 million YTD
Massimo Doris, CEO of Banca Mediolanum, commented: "The business results for September confirm the distinctly positive trend of recent months. Despite the typical seasonality of the month, we recorded solid inflows for managed assets products, with 595 million euros, bringing the year-to-date total to 5.44 billion euro, an increase of over 90% compared to 2023. We also continue to acquire new banking customers, with around 150,000 across Italy and Spain in the first nine months, a 7% growth compared to last year. Finally, we are seeing a gradual recovery in mortgages and loans granted, totaling 283 million euro in September. These are all signs that the strength of our model, the quality advice of our Family Bankers, and the marketing initiatives we have implemented will bring us outstanding results in 2024, which is shaping up to be one of our best years ever."
Total business results for September 2024:
| € mn | Sept. 2024 |
YTD 2024 |
YTD 2023 |
|---|---|---|---|
| TOTAL BUSINESS RESULTS OF THE GROUP | 634 | 9,333 | 8,045 |
| - Total Net Inflows |
334 | 7,156 | 5,596 |
| Net Inflows into Managed Assets | 595 | 5,442 | 2,840 |
| o/w Mutual Funds, U-L & Managed Accounts | 615 | 5,110 | 2,246 |
| Net Inflows into Administered Assets | (261) | 1,714 | 2,756 |
| - Total Loans Granted |
283 | 2,034 | 2,315 |
| - General Insurance Premiums |
16 | 143 | 134 |
Preliminary data subject to change
Basiglio - Milano 3 City, October 7, 2024
Contacts: Media & Public Relations Investor Relations Roberto De AgostiniAlessandra Lanzone Tel +39 02 9049 2100 Tel +39 02 9049 2039 Mob +39 348 8100 802 Mob +39 335 5684 808
e-mail: [email protected] e-mail: [email protected]
The Officer responsible for preparing Banca Mediolanum S.p.A accounting documents, Angelo Lietti declares that, in compliance with the requirements of the second paragraph of section 154 bis of the Consolidated Finance Act, the financial information contained herein reflects the accounting entries, records and books. Preliminary data subject to change.
| Fine Comunicato n.1795-80-2024 | Numero di Pagine: 3 |
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