MILAN, 08 FEB – Mediolanum closed 2022 with a net profit of 521.8 million, down 27% compared to the previous year, which benefited, according to a note, “from non-recurring effects linked to the good performance of the financial markets”. The board of directors will propose to the shareholders’ meeting a final dividend of 0.26 euros per share, equal to approximately 192 million. Considering the interim payment of 0.24 euro distributed in November, the total dividend for 2022 amounts to 0.50 euro per share, for a total of approximately 369 million. In 2021, Mediolanum’s dividend amounted to 0.58 euros per share. Despite the sharp correction in the markets, Mediolanum recorded a 7% increase in fees and commissions, to 1.03 billion, while the interest margin jumped 51% to 407 million, resulting in an increase in the contribution margin (revenues) of 16 % to 1.43 billion and a 35% growth in operating margin, to 680.3 million. Total assets fell by 4% to 103.66 billion, despite the mitigation brought about by net inflows. Loans rose by 14% to 16.44 billion, with a net non-performing loan ratio of 0.68%. The common equity tier 1 ratio stands at a “level of absolute excellence” of 20.6%. Despite the complexity of the macroeconomic scenario, this is “an extremely solid economic result as a total expression of the recurring business, with a profit of 522 million euros and a record operating margin of over 680 million euros”, commented the CEO of Mediolanum, Massimo Doris, according to whom the good performance attests to “the goodness of the path chosen and that we will continue to follow, namely that of organic growth”. (HANDLE).
(ANSA)
