illimity: “reasonable” net profit of 200 million in 2025, flexible dividend payout

illimity reasonable net profit of 200 million in 2025

(Tiper Stock Exchange) – unlimitedthe banking group founded by Corrado Passera and listed on Euronext STAR Milan, confirms the guidance of 100 million euros in net profit up to 2023, adding that the inertial development of this guidance over the plan period leads to “consider reasonable” a net profit of around 200 million euros in 2025. This can be read in the note which gives an account of the approval, by the BoD, of the draft financial statements and the consolidated financial statements at 31 December 2022, which confirmed the preliminary results released on 10 February. Since then, the stock has been subject to heavy sales and negative judgments from analysts, who have criticized the 2023 guidance.

The 2025 profit target is supported “by a dynamic of revenues expected to grow following both the increase in core business volumes and the acceleration expected in the medium term in the profitability of tech initiatives”. Costs are expected to benefit from the greater operational efficiencywhile the cost of credit is expected to remain under control and lower than expected in the plan.

illimity also specifies that, as regards the dividend policy, what has already been communicated in the plan is confirmed, which envisages a flexible dividend payout between 20% and 30%, a range defined to maintain a margin of flexibility in order to capture future investment opportunities. Therefore, “a consequent redefinition of the cumulative dividends in line with the aforesaid payout” is envisaged, it is underlined.

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