UniCredit's CEO Sounds the Alarm for Valuable Projects - A Potential Boost in Projections on the Horizon After Impressive Q1 Results
By Gerhard Bläske, Milan
b Milan
Credit Union is stalling tactics in action
UniCredit ain't in no hurry for potential acquisitions. CEO Andrea Orcel blurted it out in Milan, spouting that projects gotta create value for shareholders. If they ain't worth a damn, they'll pass on the deals. The deadline for snatching up BPM is ticking away. Plus, UniCredit has grabbed over 9% of Commerzbank.
Despite multiple takeover attempts and share grabs, UniCredit, once HVB's baby, kept climbing in Q1. Profits shot up by 8.3%, landing at 2.8 billion euros, and revenues grew by 2.8%, hitting 6.5 billion euros. The bank bumped up its profit prediction to over 9.3 billion euros. If the Q1's stellar performance, which nobody expected, ain't about to slow down, Orcel wants to hike up the 2025 guidance even higher.
Now, here's the cool part. If the data we dug up is right, Orcel plans to boost that guidance further. UniCredit's game plan is all about maintaining a profitable growth spree. They're damn proud of their 17th consecutive profitable quarter and their high-visibility results, not just for 2025, but also for nailing their goals by 2027, set at around 10 billion euros in annual net profit.
UniCredit's kick-ass performance in investment and financing fees, as well as client hedging fees, suggests they're leveraging those areas to fuel growth.
So, with UniCredit's impressive Q1 results and their upgraded guidance, it seems like this bank is riding high and looking to break more records in 2025. They're on a roll, baby!
UniCredit's CEO, Andrea Orcel, emphasized that for any potential acquisitions to be considered, they must create value for shareholders in the field of business. This is a strategy aimed at enhancing UniCredit's investing activities.
Due to the remarkable rise in UniCredit's profits and revenues from investment and financing fees, the bank aims to maintain a profitable growth spree in the future, with a goal to achieve more than 10 billion euros in annual net profit by 2027.
