Nov 06, 2020 / 08:00AM GMT
Operator
Good morning. This is the Chorus Call conference operator. Welcome, and thank you for joining the Banca IFIS' 9-Month 2020 Results Conference Call. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Luciano Colombini, CEO of Banca IFIS. Please go ahead, sir.
Luciano Colombini - Banca IFIS S.p.A. - CEO, MD & Director
Good morning. Welcome, everybody, to our call. Yesterday, the Board of Directors under the chairmanship of Mr. Sebastien Egon Fürstenberg approved our first 9 months 2020 results.
Before going into the results, I would like to confirm our guidance. despite the second wave of COVID-19. In 2020, we expect to achieve net income in the upper range of our guidance of EUR 50 million to EUR 65 million. Banca IFIS profitability proved to be resilient with all the 3 quarters of 2020 profitable. In third quarter 2020 and 9-month 2020, we achieved a net income of EUR 16 million and EUR 52 million, respectively. This reflects Banca IFIS' business model, which focuses on profitable market niches that are
Q3 2020 Banca IFIS SpA Earnings Call Transcript
Feb 29, 2024
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers