Net Income was at 113 million euro, an increase of 7% compared to the results for the same period last year. Profit before Tax was at 143 million euro, up 3%. | |
Assets under Administration, grew by 15% with respect to June 30, 2006 totalling 35,314 million euro. | |
Inflows grew markedly compared to the same period last year. Specifically, Gross Inflows came in at 5,597 million euro, up 34% and Net Inflows came in positive at 1,479 million euro, up 21%. |
Net Income was at 111 million euro, with an increase of 3% with respect to the same period last year. | |
Assets under Administration grew 15% with respect to June 30, 2006, totalling 32,270 million euro. |
Life Gross Premiums Written in total came to 1,726 million euro, an increase of 9% with respect to the same period last year. Life New Business grew by 11% (1,155.5 million euro), with Single Premiums increasing by 14% to 1,075 million euro and Recurring Premiums declining 21% to 81 million euro. Please bear in mind that following the reform of the supplementary pension legislation, in the first six months of the year we could only collect sign-ups but not issue any policies in relation to individual pension plans for those in the employee category. The 89,000 sign-ups received by Banca Mediolanum would have entailed a substantial increase in Recurring Premium Income, which, instead, will be reflected in the accounts from July 1, 2007 in accordance with the law. | |
Asset Management registered Gross Inflows of 1,894 million euro, a growth of 15% compared to the same period last year. | |
Net Inflows came in positive at 728 million euro. | |
As at June 30, 2007, the Sales Network of Banca Mediolanum had registered an additional 657 individuals compared to June 30, 2006, totalling 6,315 Family Bankers (of whom 4,108 licensed financial advisors). | |
There were a total of 1,035,000 customers as at June 30, 2007. | |
There were a total of 501,913 bank accounts at June 30, 2007, an increase of 77,237 with respect to June 30, 2006, +18%. |
Net Income of 18 million euro (8.7 million euro for Mediolanum’s share), a growth of 135%. | |
Assets under Administration grew 47% with respect to June 30, 2006, reaching 9,130 million euro (4,428 million euro for Mediolanum’s share). |
The Net Economic Result became positive, improving from –1 million euro in the first six months of 2006 to 2.3 million euro. The business in Spain through Fibanc Mediolanum more than doubled its contribution to the Group Net Income from 1.9 million euro to 4.1 million euro. Assets under Administration grew by 16% with respect to June 30, 2006, totalling 2,684 million euro |
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 |