FINANCIALS: Unicredit CEO Speaks At Bank Of America Conference
For context below, BBG consensus implies net profit expectations of EUR 9.4bn and EUR 9bn in 2024 and 2025 with a 2025 dividend pay-out ratio of ~0.45%.
• “*UNICREDIT CEO SAYS GERMANY IS AN ANCHOR, MITTELSTAND KEY
• *UNICREDIT'S ORCEL: CONFIDENT TO REACH €10B NET PROFIT THIS YEAR
• *ORCEL: UNICREDIT WILL BEAT €9B NET PROFIT NEXT YEAR
• *ORCEL: CONFIRMING €8.6B DISTRIBUTION THIS YEAR
• *ORCEL: FROM 2025 DIVIDEND PAYOUT TO MOVE TO 50% FROM 40%
• *ORCEL: COMMERZBANK IS AN INVESTMENT FOR US, NOTHING ELSE
• *ORCEL: COMMERZBANK IS STRATEGIC FIT FOR UNICREDIT METRICS
• *ORCEL: IF COMMERZBANK DOESN'T MEET METRICS, DON'T NEED TO DO IT
• *ORCEL: HAVE PUT A FLOOR ON DOWNSIDE OF COMMERZBANK INVESTMENT
• *ORCEL: CAN KEEP, INCREASE, OR SELL COMMERZBANK STAKE” -BBG