Banca Generali (MIL:BGN)
€ 40.26 -0.3 (-0.74%) Market Cap: 4.59 Bil Enterprise Value: 5.16 Bil PE Ratio: 12.53 PB Ratio: 0.43 GF Score: 62/100

Half Year 2019 Banca Generali SpA Earnings Call Transcript

Jul 30, 2019 / 12:00PM GMT
Release Date Price: €26.18 (-1.80%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome and thank you for joining the Banca Generali First Half 2019 Results Conference Call. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Gian Maria Mossa, CEO and General Manager of Banca Generali. Please go ahead, sir.

Gian Maria Mossa
Banca Generali S.p.A. - GM, CEO & Executive Director

So good morning and thank you for attending our first half results conference call. The first 6 months were very strong. Total assets reached EUR 62.9 billion, a new record high. The total assets managed directly by our Luxembourg platform, a BG Fund Management, exceeded EUR 15.5 billion, and we set a new record high also on assets under advisory, EUR 4 billion. These results are driven both by good performance of the market as well as strong net inflows. As you already know, net inflows for the first half reached EUR 2.8 billion, of which 75% comes from the existing sales force, and this is the highest contribution ever for the existing structure to total

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