Mediobanca SPA ADR ( (MDIBY) ) has released its Q2 earnings. Here is a breakdown of the information Mediobanca SPA ADR presented to its investors.
Mediobanca SPA ADR is a prominent European financial institution specializing in wealth management, corporate and investment banking, consumer finance, and insurance services. The company is distinguished by its strong presence in Southern Europe and its leadership in private and investment banking.
Mediobanca recorded exceptional financial results for the six months ending December 2024, with revenues reaching €1.8 billion and a net profit of €660 million, marking an 8% increase from the previous year. The company experienced significant growth in its wealth management and corporate and investment banking divisions, aligning with its strategic goals.
Key performance highlights include a 7% increase in group revenues, with wealth management up by 5% and corporate and investment banking soaring by 32%. The cost of risk decreased, and the return on tangible equity improved to 14%. Mediobanca also revised its 2026 targets upwards, aiming for revenues of €4 billion and net profit exceeding €1.4 billion.
Mediobanca’s strong momentum is underpinned by its strategic focus on expanding its fee-driven private and investment banking platform and enhancing its digital capabilities. The consumer finance division continued to grow, with new loans totaling €4.3 billion, driven by direct and digital channels.
Looking forward, Mediobanca remains committed to executing its Strategic Plan, emphasizing sustainable growth and shareholder returns. The company is well-positioned to leverage its market leadership and capitalize on favorable economic conditions in the financial services sector.