Financial highlights
High growth in core business and confirmation of excellent credit quality
Massimo Gianolli, Chief Executive Officer of Generalfinance, declared: “The first three months of 2024 showed a trend in line with forecasts. We recorded an excellent commercial performance with business growth of 23% and overall profitability significantly up on the previous year. The return on invested capital improved further to 29%, as did the cost/income ratio at 31% confirming high operational efficiency. We are constantly striving to support customers with customised financial solutions, at a time in the economic cycle when it is particularly important to provide rapid answers and specialised assistance to businesses”.
HIGHLIGHTS
€3,030 mln
Turnover
The Turnover figure as of December 31, 2024, stood at €3,030 million, up 18% over the same period of 2023, confirming the growth trend of recent quarters.
€21.1 mln
Net income
Net income of 21.1 mln euros, +40% compared to the same period of 2023. ROE stands at 36% significantly higher than the cost of capital
13.7%
Total capital ratio
Generalfinance's capital ratios, including the profit for the period net of the expected dividend, calculated considering a 50% pay out target, in line with the Company's dividend policy, are well above the regulatory minimums set by Circular 288 of Bank of Italy.
Our results
Period
Key indicators
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