The Board of Directors has proposed to the shareholders a distribution of a dividend of 0.14 euro per share, an increase of 27% with respect to 2003, payable as of May 26, 2005 (with an ex-dividend date of May 23, 2005).
The General Shareholders' Meeting for approval will take place April 26, 2005 at 3:00 p.m. for the First Call, and, if needed, April 28, 2005 at the same time for the Second Call, in Basiglio Milano 3, Palazzo Meucci.
With reference to the GROUP'S CONSOLIDATED RESULTS, including the effects of the New Ventures:
Consolidated Net Profit was at 141 million euro, an increase of 9% compared to the results for the previous year. | |
Consolidated Assets under Administration, grew by 10% with respect to December 31, 2003, totalling 25,791 million euro. |
Net Profit was at 174 million euro, a growth of 6% with respect to the results of the previous year. | |
Assets under Administration grew 7% with respect to December 31, 2003, totalling 20,994 million euro. | |
Net Inflows into Managed Savings, were positive, totalling 1,346 million euro (1,856 million euro as at December 31, 2003), and were positive each month of the year. The Life business made a important contribution, with net inflows of 1,399 million euro, in line with respect to the previous year. | |
Gross Premiums Written in total came to 2,309 million euro, an increase of 12% with respect to the previous year. In particular, Life New Business grew 12% (euro 1,458 million), with New Business in Recurring Premiums (exclusively unit-linked) contributing 176 million euro, an increase of 34%, and Single Premiums adding 1,283 million euro, +9%. | |
Mutual Funds & Managed Accounts registered Gross Inflows of 1,410 million euro. | |
As at December 31, 2004, the Sales Network of Banca Mediolanum totalled 4,857 financial advisors - of which 4,048 were licensed advisors, compared to 4,052 for the previous year. | |
There were a total of 785,000 Primary Account Holders as at December 31, 2004, an increase of 1% with respect to the previous year. | |
Embedded Value, calculated by Tillinghast-Towers Perrin for the Life and Funds businesses in Italy, that do not yet value future profits of the Bank and of the foreign subsidiaries, registered an increase of 16%, from 2,166 million euro for 2003 to 2,503 million euro, pre-acquisition. In particular, Embedded Value Earnings came in at 437 million euro, +53% with respect to the previous year, and represents the highest result every attained. The Value of New Business from Life and Asset Management was positive at 176 million euro, an increase of 14% with respect to the previous year. A strong contribution came from the Life business, with a Value of New Business, at 151 million euro, increasing 22%. |
Net Profit for the business in SPAIN came to 1 million euro, in line with the previous year. Assets under Administration grew by 4% with respect to December 31, 2003, totalling 2,016 million euro. | |
BANCA ESPERIA registered a profit of 8.5 million euro (4 million euro for Mediolanum's share), quadrupling the result of the previous year. (2 million euro). Assets under Administration reached 4,826 million euro, (2,341 million euro for Mediolanum's share), an increase of 56% with respect December 31, 2003. |
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 |