Banca Generali ups 2024 inflow guidance after 28% profit rise in Q2
Recasts with outlook, CEO comment
July 25 (Reuters) -Italy's Banca Generali BGN.MI on Thursday hiked its full year forecast for inflows and net interest income, while also lifting the minimum threshold for dividend payments over the 2022-2025 period.
The asset manager 50% owned by insurer Assicurazioni Generali GASI.MI posted a 28% increase in second-quarter net profit to 118 million euros ($128 million), ahead of a company-provided consensus of 102 million euros.
It now expects net new inflows of more than 6.5 billion euros, versus the 6 billion it forecast at the start of the year. Of the new inflows around 40-60% will be into more profitable assets under investment.
Total assets stood at 99 billion euros at the end of June, a new record high, with assets under investment at 66 billion.
Higher-for-longer interest rates prompted Banca Generali to upgrade its the net interest income forecast to 300 million euros, from 280 million previously.
"The record levels of the first half of the year and the strong demand from our clients, as well as from professionals of other companies, allow us to look at the coming months with great confidence," CEO Gian Maria Mossa said in a statement.
Banca Generaliupdated its shareholder remuneration target, to cumulativedividends of 8.0-8.5 euros per share in the 2022-25 period, up from 7.5-8.5 euros per share.
($1 = 0.9217 euros)
Reporting by Philippe Leroy Beaulieu; editing by Jason Neely and Valentina Za
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
