Unicredit to his appointment with the accounts of the third quarter beats expectations, confirming 2025 guidance and rewarding shareholders with an interim payment in November.
The institute led by Andrea Orcel has confirmed the guidance for 2025, a net profit of approximately 10,5 billion euros and the outlook remains unchanged, with a net profit in 2027 above 11 billion, RoTE above 20%, and double-digit growth in EPS and dividend in the 2024-27 period.
Unicredit foresees a total distribution of at least 9,5 billion of which at least 4,75 billion in the form of dividends. advance dividend in cash to be paid in 2025 equal to 2,2 billion, equivalent to 1,4282 euros per share, will be paid November 26The remaining €1,8 billion tranche of share buybacks will begin by the end of October.
Il title in Piazza Affari, which has seen a gain of +63% since the beginning of the year, among the best performances of the Ftse Mib, this morning however opens sharply down at 61,50 euros down 2,4%, but later contained its losses to -1,9%.
The Net income third quarter revenue stood at 2,6 billion, up 4,7% year-on-year, and above the analysts' consensus of 2,4 billion and net profits in the 9 months amounted to 8,7 billion euros, up 13% compared to the first nine months of 2024. Net revenues stood at 6,1 billion, up 1,2% compared to the previous year. Interest margin down 5,4% on the year (-2,7% on the quarter) to 3,4 billion.
"We are reaffirming our guidance for net income of approximately $10,5 billion in 2025, ahead of any management initiatives to further strengthen our future results, and we are on track to deliver our best year ever," commented Orcel. "By accelerating our strategy and deploying excess capital to create value, we have improved our industry-leading earnings and shareholder distribution trajectory."
Commissions and net profit of the insurance management grew by 7,6% annually (+0,3% quarterly), driven in part by high investment commissions.
“UniCredit has once again achieved a series of record results, "Net revenues increased 1,2% and costs decreased 0,1% compared to last year, absorbing the expansion of our scope," Orcel added. "Net profit increased to €2,6 billion with a ROTE of 19,1%, and our CET1 ratio stood at 14,8% thanks to solid organic capital generation," he added. Orcel stressing that “these results reflect the discipline in implementing our strategy, and I am confident that we will continue to build sustainable value for all stakeholders.”
Regarding foreign shareholdings, CEO Andrea Orcel said that an increase to 30% of the share is likely Alpha Bank, relations with the bank defined as "excellent". On Commerzbank : “We are looking as investors at how much additional value they can create.
