Report

Unicredit : Continued operating upturn despite challenging context

>Beyond the positive one-off, a solid Q4 2018 on the underlying - Unicredit has reported a good set of Q4 2018 figures at the underlying operating level: reported net profit came in at € 840m (vs consensus: € 693m), driven notably by a lower-than-expected cost of risk and (albeit to a lesser extent) costs, whilst the top line was in line. Q4 was marked by a substantial positive one-off linked to the new tax treatment of deferred tax assets (+€ 888m), boosting reporte...
Underlying
UniCredit S.p.A.

Unicredit is a pan-European commercial banking group based in Italy. Co. is engaged in the provision of in-branch and online corporate and investment banking services, providing customers with access to banks in 14 core markets as well as to an another 18 countries worldwide. Co.'s operations are organized along six business lines: Commercial Banking Italy; CEE Division; CIB; Commercial Banking Germany; Commercial Banking Austria; and Asset Gathering. Co.'s European banking network includes Italy, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Romania, Russia, Slovakia, Slovenia, Serbia and Turkey.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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