Tiny Titans Talk
With great pride, we present to you the new segment ‘Tiny Titans Talk,’ sharing some of the successful entrepreneurial stories from EGM (Euronext Growth Milan).
Why is their offering innovative? What are the strengths and competitive advantages? What are the challenges of 2024? All this and more can be found in the video interview conducted during the Spring Investor Conference of Banca Profilo.
In order of appearance, we thank: Alessandro Peveraro of HOMIZY, Marco Dezi of Riba Mundo Tecnología SA, Jean Michel Karam of MEMSCAP, Luisa Franceschetti of Saccheria F.lli Franceschetti S.p.A., Daniele Peli of INTRED S.p.A., Roberto Rizzo of SolidWorld GROUP, Christian Traviglia of IDNTT, Alfredo Balletti of COMAL SpA, Gismondi Massimo of Gismondi 1754 spa.
DigitHer and Female Empowerment
Banca Profilo is proud to support DigitHer, a comprehensive and accessible online training program for female empowerment in the digital world, promoted by Valore D and Generation Italy and funded by the Digital Republic Fund.
Why DigitHer? We believe in the importance of closing the gender gap in the technology sector and providing women with opportunities to excel in this field. Thanks to our colleagues, IT Solutions & Delivery Specialists Elisabetta Campiotti and Marta Lodi Rizzini, who participated in the project, sharing their educational and professional journeys with the participants.
For more information on Valore D, which the Bank has been supporting for several years, visit their website.
The semiconductors and the inflation uncertainties
For about a year now, the stock market has only rewarded passive instruments, focused on a few large titles primarily in the semiconductor sector. Semiconductors have thus become the true market beta, overshadowing active management and alpha generation.
It’s a pricey sector where only a few major players dominate, such as Nvidia and Taiwan Semiconductor, which has seen revenue projections increase by over 25%. However, not all semiconductor companies are celebrating; those still anchored in traditional business models, like Intel, have faced greater challenges. Therefore, the exuberant trend of Artificial Intelligence is not as irrational as the dot-com bubble.
While acknowledging the logic behind some trends, 2024 might see a return of active management: with a bit less beta and a bit more alpha in portfolios.
Approved the preliminary results of 2023
The main objectives of the 2020-2023 Industrial Plan have been achieved, highlighting the digital transformation process and commitment to sustainability and corporate well-being.
Net revenues solidify at 76.6 million euros (+8.5% y/y) with a net profit of 12.1 million euros (+8.9% y/y).
Operational management results also show growth, reaching 20.5 million euros (+11% y/y), with a Cost-Income ratio reduced to 73.3%. Customer deposits reach 6 billion euros (+6.7% y/y). CET1 ratio at 22.3%, confirming the financial strength of Banca Profilo.
Read the press release: https://www.bancaprofilo.it/wp-content/uploads/2024/02/2024_02_08_CS.pdf
Bonds, Stocks and AI Innovation
The year 2023 has certainly been a year full of surprises. Among them, the United States and Europe managed to avoid recession, and China missed the economic boom post-reopening.
Meanwhile, the growing significance of Artificial Intelligence (AI) continues to offer potential revolutions, as demonstrated by ChatGPT, providing the ability to generate unique content without the need for programming. This automation impacts labor dynamics.
The convergence of AI and investment management is creating a unique synergy, enhancing operational efficiency, empowering investment decisions, and contributing to innovation and economic growth. This showcases how Artificial Intelligence is not a threat but a powerful ally in enhancing human creativity and decision-making.
They explain this in the video, Lorenzo Fuscà Head of Wealth Management and Linda Gentili, Portfolio Manager at Banca Profilo.
Industrial Plan 2024-2026
The Board of Directors has approved the Industrial Plan 2024-2026 after examining the new market context, the achieved results, and the main activities undertaken in the previous Plan.
The new Plan aims to further develop the Bank’s service model by becoming increasingly digital, efficient, and sustainable while maintaining its foundational elements unchanged: capital solidity, business diversification, innovation capacity, and high shareholder remuneration.
Four pillars have been identified around which to build strategic, organizational, managerial, and commercial actions in line with the new market needs and the Group’s strategic development.
Read the press release to learn about the guidelines and objectives of the Plan.
The Verdict on Green: Resilience, Challenges and Opportunities
In economic terms, 2023 is shaping up to be a stable year, and the outlook for the beginning of 2024 does not seem worrisome. Inflation remains a point of focus and its return appears slower than hoped, but interesting opportunities are emerging, especially if one knows where to look, just like green.
Costs and high rates have made it complicated to bet on this sector, especially wind power, which suffers from an environment that has become decidedly challenging, with the exception of Clean Energy, which seems to have suffered only a setback in a growing trend.
The energy transition remains an irreversible and well-established process that is destined to move forward, remaining an inescapable global priority.
They explain this in the video, Lorenzo Fuscà Head of Wealth Management and Francesco Menini Head of Investment Advisory at Banca Profilo.
