Earnings release
Page 1
FINECO Α Ν Κ B Results at September 30th , 2021 approved FINECO : SOLID GROWTH TREND CONTINUES , INCREASING PROFITS AND REVENUES DIGITALIZATION REWARDS THE BUSINESS MODEL BOOST IN ASSET UNDER MANAGEMENT • Strong growth in net profit thanks to the diversified business model : € 257.2 million ( + 4.4 % y / y¹ ) • Revenues : € 596.9 million ( + 4.1 % y / y¹ ) • Cost / income ratio : 31.4 % • Solid Capital Position : CET1 at 18.37 % FIGURES AT OCTOBER 31st , 2021 Net sales in the month of October at € 903 million , + 22.2 % y / y Asset Under Management at € 501 million , more than 3x y / y Estimated brokerage revenues in the month of October at € 16 million Milan , November 9th , 2021 The Board of Directors of FinecoBank S.p.A. has approved the results as of September 30th , 2021 . Alessandro Foti , CEO and General Manager of Fineco Bank , stated : 1 " During the first nine months of the year Fineco recorded a steady growth , confirming its solidity and once again the strength of its well diversified and sustainable business model . In a context that shows a continuous acceleration of the digitalization in all areas of society , the distinctive technological DNA of the Bank is 1 Figures net of non - recurring items recorded in the first nine months of 2021 : +32.0 million net related to the fiscal realignment of the intangible asset recorded in Financial Statement as of December 31st , 2019 , under the art . 110 of the Legislative Decree 104/2020 . Figures net of non - recurring items recorded in the 2020 : € -1.4 million gross ( € -1.0 million net ) valuation related to the Voluntary Scheme fair value in the first nine months of 2020 , of which € -1.2 million gross ( € -0.8 million net ) in the first quarter of 2020 and € -0.2 million gross ( € -0.2 million net ) in the third quarter .