03/19/2001
The Mediolanum Group discloses the FY 2000 Final Results
Consolidated Net Profit +31% (224 billion lire,115 million Euro)
ROE 31% (1999= 27%)
Dividend Proposed 185 Lire per Share (+37%)
Total Assets Under Amministration + 38%
(34.567 billion Lire, 17.852 million Euro)
220.000 Bank Accounts (+52%)
Today, Mediolanum S.p.A.´s Board of Directors, under the chairmanship of Professor Preda, approved the company accounts and the Group consolidated accounts for the year 2000. The General Shareholders Meeting for approval will take place April 12, for the first call, and May 8, for the second call.
Consolidated
net profit for the group was 224 billion Lire (
115 million Euro) (
+31% with respect to 171 billion (88 million Euro) in 1999), which included Fibanc, a recent Spanish acquisition, for the first time.
ROE (Return on Equity) of the Group rose to
31% (1999 = 27%).
Total
Consolidated Gross Revenues were 3,631 billion Lire (
1,875 million Euro) +
31% with respect to 2,771 billion Lire in 1999 (1,431 million Euro).
Assets under Administration totalled 34,567 billion Lire (
17,852 million Euro) at the end of 2000,
+38%, compared to 25,107 billion Lire for the preceding year (12,967 million Euro).
The Board of Directors will propose to Shareholders the distribution of a
dividend of 185 Lire per share (
0.096 Euro), +
37%, payable starting from April 26, 2001.
Following are the principle results,
excluding Fibanc: total revenues were 3,569 billion Lire,
+29% (
1,848 million Euro) with a net profit of 228 billion Lire (118 million Euro ) an increase of
33%.
Assets under Administration came to 30,474 billion Lire (
15,734 million Euro) +
21%.
Gross Premiums Written totalled 2,968 billion Lire,
+25%, (
1,533 million Euro) and in
particular, new production went from 1,569 billion Lire to 2,049 billion Lire,
+31%,
(1,058 million Euro). Inflows of recurring premiums grew by
65%.
Gross inflows into Mutual Funds and Managed Accounts went from 5,218 billion Lire
to 6,333 billion Lire (
3,271 million Euro),
+21%, with
net inflows of 2,162 billion Lire,
+341%,
(1,117 million Euro).
As of 31.12.2000, Banca Mediolanum had about
220,000 active bank accounts (+52%).As of 31.12.2000, the
sales network of the Mediolanum Group consisted of
6,379 agents: 5,181 (of whom
3,018 are Licensed Financial Advisors) from Banca Mediolanum and
1,198 from the Partner Time network. This represents a total increase of
44% with respect to 31.12.1999, which registered a total of 4,418 agents, 3,718 (of whom 2,513 are Licensed Financial Advisors) from Banca Mediolanum and 700 from the Partner Time network.
With reference to
Fibanc, net profits of the Spanish group at year end 2000 was 7.1 billion (3.7 million Euro).
Assets under Administration were 4,092 billion Lire (2,113 million Euro).
Net Inflows from the year 2000 were 358 billion Lire (184 million Euro).
The sales network consisted of 315 professionals and of 112 employees of the subsidiaries.
Milano, March 19, 2001
Last update: March 19, 2001 - 15:00
