11/08/2012
1.46 p.m.
9M 2012 Results
Net Income: 291.5 million euro, +380%
Assets under Administration: 50.8 million euro, +13%
Net Inflows: 1,673 million euro
Interim Dividend: 10 eurocents per share
ADOPTION OF THE CODE OF CONDUCT DATED DECEMBER 2011
RESOLUTIONS PURSUANT TO CONSOB REGULATION NO. 18079 DATED JANUARY 20, 2012 (INFORMATIONAL DOCUMENTS)
The Board of Directors of Mediolanum S.p.A. met today in Basiglio (MI) and approved the Consolidated Interim Financial Statements as at September 30, 2012, as well as the Separate Financial Statements for Mediolanum S.p.A. as at October 31, 2012, and based on the latter, resolved to distribute an interim dividend of 10 eurocents per share before any withholding tax. The dividend will be payable November 22, 2012 (ex-dividend date November 19, 2012; coupon No. 25) .
The GROUP RESULTS in the first Nine Months of 2012 showed an excellent business performance and were positively impacted by a strong increase year-on-year in recurring revenues (management fees and net interest income), in performance fees, and income from investments at fair value. As proof of the aforementioned:
- Group Net Income for the period was 291.5 million euro, +380% compared to the same period last year.
- Excluding the impairment of the shareholding in Mediobanca announced today, net income would have been 357.7 million euro.
- Net Income for the domestic market came to 280.1 million euro, +335% with respect to the same period last year.
- Total Assets under Administration totalled 50,804 million euro, an increase of 13% with respect to September 30, 2011, and of 10% with respect to the beginning of the year.
In greater detail, with reference to Banca Mediolanum::
- Total Net Inflows were positive at 1,928 million euro. Net inflows into Mutual Funds deserve special mention, positive at 1,351 million euro, in stark contrast with the rest of the market.
- The number of Financial Advisors as at September 30, 2012 totalled 4,366.
- There was a total of 1,047,000 customers as at September 30, 2012
- The number of Bank accounts surpassed 691,000 as at September 30, 2012, with an increase of 15% with respect to September 30, 2011, and of 10% since the beginning of the year.
Highlights in particular with respect to Banca Esperia:
- Net Income was at 9.8 million euro (4.9 million euro for the Mediolanum Group’s share), compared to 0.4 million euro registered in the same period in 2011.
- Assets under Administration grew by 4% with respect to September 30, 2011, and by 6% since the beginning of the year, totalling 13,606 million euro (6,803 million euro for the Mediolanum Group’s share).
With reference to the Foreign Markets::
- Net Income came in at 11.4 million euro, a notable improvement with respect to a loss of 3.7 million euro registered in the same period last year.
- Assets under Administration totalled 2,134 million euro, an increase of 12% with respect to September 30, 20121 (+11% with respect to the beginning of the year).
In an effort to provide more complete disclosure about the results as at September 30, 2012, we have attached the segment report detailing income statement data, reclassified to reflect the criteria used by the Mediolanum Group.
The Officer responsible for preparing Mediolanum S.p.A accounting documents, Luigi Del Fabbro, declares that, in compliance with the requirements of the second paragraph 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 available at the Italian Stock Exchange and on the website www.mediolanum.com under Investor Relations > Financial Data > Presentations.
The Group Interim Financial Statements as at September 30, 2012 and the Separate Financial Statements for Mediolanum S.p.A. as at October 31, 2012 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, at Borsa Italiana S.p.A., and on the website www.mediolanum.com
The Company also resolved:
- to adopt the new Code of conduct for listed companies published in December 2011 by taking all the relevant resolutions. The report on corporate governance and the ownership structure, which will be made available to the public together with the Financial Statements for the fiscal year 2012, will provide detailed information on the above mentioned adoption and its implementation;
- to choose, effective today, the “opt out” option pursuant to Art. 70, para. 8, and 71, para. 1 bis, of Consob Regulation n-18079 of January 20, 2012, exercising the possibility to waive the requirements of publication of the informational documents mandated in case of significant mergers, demergers, capital increases paid with contribution in kind, acquisitions and sales.
Basiglio - Milano 3 City, November 8, 2012
Attachments:
Basiglio – Milano 3 City, 31 luglio 2012
