Consolidated Net Profit was at 42 million euro, a decrease of 9% compared to the results for the same period last year, however, growing 35% with respect to the average of the previous three quarters. | |
Consolidated Assets under Administration, grew 8% with respect to March 31, 2004 totalling 26,485 million euro. |
Net Profit was at 50 million euro, a growth of 7% with respect to the results of last year. | |
Assets under Administration grew 6% with respect to March 31 2004, totalling 21,528 million euro. | |
Net Inflows into Managed Savings, were positive, totalling 306 million euro (422 million euro as at March 31, 2004), and were positive each month. The Life business made a important contribution, with net inflows of 326 million euro. | |
Gross Premiums Written in total came to 695 million euro, an increase of 27% with respect to the same period last year. In particular, Life New Business grew 34% (491 million euro), with New Business in Recurring Premiums (exclusively unit-linked) contributing 48 million euro, - 2%, and Single Premiums adding 433 million euro, +40%. | |
Mutual Funds & Managed Accounts registered Gross Inflows of 349 million euro. | |
As at March 31 2005, the Sales Network of Banca Mediolanum totalled 4,796 financial advisors - of which 4,015 were licensed advisors, in line with March 31, 2004. | |
There were a total of 784,900 Primary Account Holders as at March 31, 2005, an increase of 1% with respect to the previous year. | |
There were a total of 349,100 bank accounts as at March 31, 2005, an increase of 5% with respect to March 31, 2004. |
Net Profit for the business in SPAIN came to 0.3 million euro, in line with the last year. Assets under Administration grew by 6% with respect to March 31, 2004, totalling 2,093 million euro. | |
BANCA ESPERIA registered a profit of 2 million euro (1 million euro for Mediolanum's share), +44% with respect to last year. Assets under Administration reached 5,023 million euro (2,436 million euro for Mediolanum's share), an increase of 46% with respect to March 31, 2004. |
Contacts: Media Relations Roberto Scippa Tel +39 02 9049 2902 Fax +39 02 9049 2345 e-mail: gmmedia@mediolanum.it |
Investor Relations Alessandra Lanzone Tel +39 02 9049 2039 e-mail: investor.relations@mediolanum.it |