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CDP: profit down, but beyond plan targets. Mobilized 87 billion for the three-year period 2013-15

Cassa Depositi e Prestiti publishes the preliminary results for 2013. Net profit drops to 2,9 billion, but exceeds the objectives of the annual plan by 2 billion. Investments grow by +30% compared to 2012. Resources of up to 87 billion are foreseen for the next three years.

CDP: profit down, but beyond plan targets. Mobilized 87 billion for the three-year period 2013-15

CDP's net profit should suffer a drop of 2,9 billion euros compared to 2012. A downward figure which in any case exceeds the objectives of the plan for 2013 by 2 billion. The announcement comes after the Board on the preliminary data, in which the CDP also communicates that it has mobilized around 16 billion in the form of loans and investments, for a growth of +30% compared to last year.

Objectives exceeded even in the long term: the resources mobilized for the three-year period 2011-2013 amount to 56 billion euros (more than the 43 expected). In particular, in the last year the resources available to public bodies have almost doubled, almost 6 billion compared to 3,3 in 2012. A result that arrived with the contribution of the public administration's debt advances and the Fiv Plus fund for the enhancement of state and local government buildings. On the infrastructure front, 2,2 billion euros were used, while 8,3 billion for plans to support the economy.

For the three-year period 2013-2015, CDP and its subsidiaries plan investments of up to 87 billion. A leap forward also made possible by the new Stability Law, which allows the expansion of the CDP's activities in support of businesses.

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