Mediolanum closed the 2013 financial year with a pre-tax profit record, at 544,1 million, up 9% on the record set in 2012. TheNet income, however, stood at €336,6 million, down 4% year-on-year due to non-recurring tax charges. Considering the down payment on dividend of 0,1 euro, the BoD will propose a balance distribution of 0,15 euro starting from 22 May 2014, with detachment on 19 May. In the wake of these results, in the mid-afternoon Mediolanum's share on the Stock Exchange gained more than three and a half percentage points, achieving one of the best increases in the Ftse Mib.
The total of masses managed and administered grew by 12%, to 57,8 billion. The Bank has registered a net collection of 3,3 billion. "Particular attention deserves the net inflows of funds and management - reads a note from the group -, positive for 4,5 billion". Current accounts and deposit accounts reached 729.200 units (+3%).
Esperia Bank, on the other hand, recorded a net profit of 1,5 million (of which 0,8 pertaining to the Mediolanum group), compared to 5,1 in 2012. The result discounts the effect of provisions linked to non-recurring charges for 11,5, 15,3 million. In this case, managed assets stood at 11 billion, an increase of XNUMX%.
With references to foreign markets, Spain recorded a net profit of 26,3 million (against 7,2 in 2012), while Germany suffered a loss of 4,5 million, an improvement from the red of 4,7 million in 2012. It is also a goodwill write-down was made for 4,3 million, which brought the final result to a loss of 8,7 million.
Total foreign assets under management and administration amounted to 2,8 billion (+26%). The BoD resolved to propose to the shareholders' meeting (scheduled for 29 April) a dividend of 0,25 euro.
