Report

Unicredit : T2 2019: underlying sans éclat et importants one-offs

>Opérationnel: un coup de moins bien … - La publication au T2 2019 ressort globalement décevante, avec un RN publié à 1.85 Md€ (-13% vs cons) – le décalage s’explique notamment par le coût du risque (> attentes) et les revenus (< attentes). Le trimestre est par ailleurs marqué par d’importants one-offs (positif lié à la cession de 17% de Fineco sur la période, négatif lié à celle de Ocean Freeze). Revenus d’intérêt = 2.55 Md€ (-1% vs cons et flat yoy) / Commis...
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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