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.
9M2023 results
As of September 30, 2023, Banca Profilo Group closes the first nine months with a net profit of 10.6 million euros (25.7% year-on-year), an increase of 2.2 million euros. Total customer deposits stand at 5.8 billion euros (8.6% year-on-year), increasing by approximately 0.5 billion euros compared to the 5.4 billion euros as of September 30, 2022. Total net revenues amount to 56.9 million euros (13.4% year-on-year), an increase of 6.7 million euros compared to the previous year’s 50.2 million euros.
Operating income is on the rise at 17.2 million euros (21.1% year-on-year), with cost-income improving to 69.8%. The CET 1 ratio is at 23.1%, increasing year-on-year and among the highest in the market, confirming the bank’s financial strength. These results demonstrate the effectiveness of the initiatives proposed in the Industrial Plan, which is coming to a close.
Meanwhile, Banca Profilo is working to finalize the drafting of the new 2024-26 Industrial Plan.
Read the press release to learn more.
DigitalPlatforms: Strengthening Financial and Asset Base
We are pleased to announce the completion of the hybrid financing transaction for a total value of 16.5 million in favor of DigitalPlatforms Group, a leader in the IoT and Cybersecurity sectors.
The transaction aims to support DigitalPlatforms in the implementation of its 2023-2030 industrial plan, focusing on the integration and consolidation of acquired companies in recent years, as well as investments in Research & Development activities. These include the design of high-tech products in the IoT, ICT, and Cybersecurity fields, targeting new sectors.
We acted as the Arranger in structuring the transaction and exclusive Placement Agent in raising capital, with a team composed of: Marco Baga, Head of Investment Banking, Alessio Muretti, Deputy Head of Investment Banking, Attilio Domenico Modaffari, Vice President, Francesco Ventura, Associate, Daiana Aurilio, Analyst.
For more information, we invite you to read the press release.
Proactive IT Infrastructure Monitoring
Banca Profilo has taken a significant step forward in our IT infrastructure. Over the past few months, we have upgraded the PRTG Network Monitor system by Paessler to optimize and strengthen the reliability and security of our banking operations.
This project reaffirms our ongoing dedication to ensuring state-of-the-art technological infrastructure. In fact, the use of advanced monitoring solutions like PRTG helps us reduce downtime and enhance data security.
To learn more about this important implementation and our commitment to technological innovation, read the interview with Luca Meneghesso, Senior ICT Infrastructure and Security Specialist at Banca Profilo.
EGM Analysis 9M23
In 2023 new listings on EGM increased: 27 new IPOs in 9M23 compared to 17 in 9M22.
From our Coverage, the second IPO of 2023 and third in terms of marginality was TMP, while Riba Mundo was the first Spanish company listed on EGM and the first in terms of revenues.
EGM is confirmed as the place of small companies: almost 200 firms with an average market capitalization of €40mln, with 25% in the €10-25mln range. Liquidity remains EGM main issue.
EGM companies are small but with high potential growth; since post-pandemic revenues have been increasing: +38% CAGR 2020-2022 and +19% yoy in 1H23. However, the contraction of margins resulting from price pressure that began in 2H21 persists.
Growth is partially supported by M&A activity: 57 deals concluded in 9M23, confirming the positive trend of 2022.
Market overview and future perspectives? Find out the report by Francesca Sabatini, Head of Equity Research, and Eleonora Chetrì, Equity Research Analyst of Banca Profilo.
Health Italia: Post 1H23 Results
Health Italia operates in the health and wellness market by promoting integrated healthcare solutions in both retail and corporate sectors. The company manages welfare plans and services for businesses and organizations. Additionally, the Group provides healthcare services through its own facilities, including the latest telemedicine systems.
Learn more in the analysis by Francesca Romana Sabatini, Head of Equity Research at Banca Profilo.
Download the research here.
