Mediolanum Corporate Site:  Italiano   English




11/02/2015
02.02 p.m.

FY 2014 Results

NET INCOME: 321 million euro, -5%
ASSETS UNDER ADMINISTRATION: 64.5 billion euro, +11%
TOTAL NET INFLOWS: 5,238 million euro
of which MUTUAL FUNDS: 5,262 million euro

DIVIDEND PROPOSED: 27 eurocents per share
DIVIDEND BALANCE TO BE PAID: 12 eurocents per share



The Board of Directors of Mediolanum S.p.A. met today in Basiglio (MI) and approved the draft Separate Financial Statements of Mediolanum S.p.A. and the consolidated economic results of the Mediolanum Group as at December 31, 2014.

The Board of Directors resolved to propose at the General Shareholders' Meeting the payment of a dividend of 27 eurocents per share relative to the net income for 2014. Considering the interim dividend of 15 eurocents per share already paid out in November 2014, the Board of Directors will propose at the Shareholders' Meeting the distribution of a dividend balance of 12 eurocents per share, gross of any applicable taxes, payable on April 22, 2015* (ex-dividend date April 20, 2015; coupon No. 30).

The General Shareholders' Meeting for the approval of the financial statements will take place in a single call on March 26, 2015 at 2:30 p.m. in Basiglio, Milano Tre, Palazzo Meucci.

CONSOLIDATED GROUP RESULTS for 2014 confirm the trend of the steady increase in the most important of the recurring revenues, management fees, mainly thanks to the strong net inflows into mutual funds, which registered an all-time record for the third consecutive year. The excellent results in management fees more than compensated for the expected decrease in net interest income.
Following the announced launch of a number of new development projects, especially in the technology area, G&A expenses were - as planned - significantly higher compared to 2013.

Therefore:
* Pursuant to Art. '83-terdecies' of Leg. Decree no. 58 of February 24, 1998 (TUF) the legitimacy of the dividend payment is determined by the account information registered by the intermediary referenced in Art. '83-quater' TUF as at the end of the "record date" May 21, 2014.

In more detail, with reference to Banca Mediolanum:
Highlights in particular with respect to Banca Esperia: With reference to the Foreign Markets:
Please note that the Separate Financial Statements as at December 31, 2014 are currently under review by the independent auditors, who have not yet issued their report.
The complete set of Financial Statements as at December 31, 2014 relative to Mediolanum S.p.A. and controlled companies ('the Mediolanum Group') will be approved on February 25, 2015.
In an effort to provide more complete disclosure about the results for the year 2014, we have attached the segment report detailing income statement and balance sheet data, reclassified to reflect the criteria used by the Mediolanum Group. This reclassified segment report is not subject to audit by the independent auditors.

The Officer responsible for preparing Mediolanum S.p.A accounting documents, Luigi Del Fabbro, declares that, in compliance with the requirements of paragraph 2 of section 154 bis of the Consolidated Finance Act, the financial information contained herein reflects the accounting entries, records and books.
A presentation in English of the financial information contained herein will be made available on the at the authorised storage service 1info (www.1info.it) and on www.mediolanum.com under Investor Relations > Financial Data > Presentations.

The Financial Statements as at December 31, 2014 will be available according to the terms set by law at the company's Registered Office in Basiglio - Milano 3, Palazzo Meucci - Via F. Sforza, on the website www.mediolanum.com, and on the Borsa Italiana S.p.A. website. The Independent Auditors' report will be published in the same manner, as soon as it becomes available pursuant to current applicable regulations.

In allegato:



Basiglio - Milano 3 City, February 11, 2015


Contacts:
Media Relations
Rosamaria Salatino
Tel +39 02 9049 2027
e-mail: rosamaria.salatino@mediolanum.it

Investor Relations
Alessandra Lanzone
Tel +39 02 9049 2039
e-mail: investor.relations@mediolanum.it