The Board of Directors approved the financial results for the first quarter ended March 31, 2020

• Consolidated Net Revenues of Euro 12.9 million and Consolidated Net Profit of Euro 1.9 million in the first quarter 2020
• Revenues from client-related business increased 42% year-on-year, reaching Euro 15.4 million in the first quarter 2020
• Total Capital Ratio of 22%, consistently above capital requirements

Milan, May 6, 2020

The Board of Directors of Equita Group today approved the financial results for the first quarter ended March 31, 2020.

Andrea Vismara, Chief Executive Officer of Equita, commented: “In the first three months of the year, Equita delivered positive results, despite the challenging conditions that financial markets experienced due to the COVID-19 pandemic. Excluding directional trading results and impacts from the fair-value of proprietary investments as of March 31, 2020, revenues from client-related businesses grew 42%. This is further proof that our diversification strategy adopted over time has helped the Group achieve more resilient results”.

Vismara continued: “In the first quarter, Equita affirmed solid profitability, wide availability of capital reserves and significant credit lines that will support operations and business growth”.

For further information, read the full press release below: