Banca Ifis (MIL:IF)
€ 20.74 0.1 (0.48%) Market Cap: 1.09 Bil Enterprise Value: 3.97 Bil PE Ratio: 6.80 PB Ratio: 0.65 GF Score: 63/100
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Q1 2021 Banca IFIS SpA Earnings Call Transcript

May 13, 2021 / NTS GMT
Release Date Price: €12.55 (+5.46%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Banca IFIS First Quarter 2021 Results Conference Call. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Frederik Geertman, CEO. Please go ahead, sir.

Frederik Herman Geertman
Banca IFIS S.p.A. - CEO & Director

Good afternoon, everybody, and thank you for joining the call. Welcome to our first quarter results conference.

Being new, I would start with a few very brief observations and then dive into the number. As you know, I joined the bank in February, and I'm very excited about the potential of the business. It's a unique organization with, as we will see, quite a resilient business model. It's active in profitable businesses, which IFIS has chosen. I found excellent know-how, good margins protected by competence, by innovation, and fortunately, a lack of historical legacies that afflict many other players. So as you can imagine, as we come out of this COVID phase, it's a good time to work on our 3-year

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