Unicredit posted a record half-year
net profit of 4.4 billion euros, up 91.5% on the previous six
months, according to consolidated financial results published on
Wednesday.
Stated net profit in the second quarter of stood at 2.3 billion
euros, above the 1.87 billion euros forecast by analysts.
Q2 revenues amounted to 5.9 billion euros, up 24.4%
year-on-year.
In a statement the bank said it has improved its financial
guidance for 2023 to net revenues above €21.5 billion and net
profit at or above €7.25 billion.
Likewise, it said it has increased its shareholder distribution
intention for 2023 to at least €6.5 billion.
Net profit and shareholder distribution for 2024 are expected to
be broadly in line with 2023.
"Although we cannot predict macroeconomic outcomes, we do know
that we are well equipped for the future with our clear
strategy, diversified business mix and ever improving operating
efficiency," said Unicredit CEO Andrea Orcel.
"Our sound asset quality coupled with prudent overlays and a
rock-solid balance sheet provide lines of defense that position
us well against uncertainties," he added.
Photo: Unicredit CEO Andrea Orcel.
ALL RIGHTS RESERVED © Copyright ANSA
