The Board of Directors of Equita Group approves the financial results for the first nine months ended 30 September 2019 and the Group's 2020-2022 Strategic Plan

• Consolidated Net Revenues of Euro 38.0 million and Consolidated Net Profit of Euro 5.6 million in the first nine months of the year
• Growing Global Markets and Alternative Asset Management in the first nine months 2019 compared to 2018 (excluding non-recurring items). Investment Banking impacted by lower volume of transactions in the Italian markets
• Improving Consolidated Net Revenues and Consolidated Net Profit in the third quarter 2019 compared to 2018 (+6% and +4% respectively)
• Total Capital Ratio of 23%, consistently above capital requirements
• Outlook 2019:  Equita confirms its intention to propose the distribution of a dividend between Euro 0.18 and Euro 0.20 per share in 2020 (compared to Euro 0.22 per share paid out in May 2019)

Approval of a three-year plan and medium to long term targets for the Group

• Revenue Generation and Diversification: targeting Euro 75 million in Net Revenues
• Cost Discipline and focus on Profitability: targeting Net Profitability of 20%
• Growth in Assets under Management: targeting Euro 2 billion assets
• Strong Capital Ratio and Shareholder Remuneration: targeting Total Capital Ratio in excess of 15% and dividend payout of 90%, in line with the average of previous years
• Strong commitment to integrate economic factors with environmental, social and governance factors. Approval of the Corporate Social Responsibility Plan and appointment of a CSR Committee

Milan, November 14th, 2019

The Board of Directors of Equita Group S.p.A. (the “Company” and, together with its subsidiaries, “Equita” or the “Group”) today approved the financial results for the first nine months ended 30 September 2019.

Andrea Vismara, Chief Executive Officer of Equita, commented: “In the third quarter 2019 Equita delivered growing Net Revenues (+6%) and Net Profits (+4%). Both the Global Markets and the Alternative Asset Management contributed positively when excluding non-recurring items. The Investment Banking shows positive signals too: the quarter-on-quarter growth trajectory of Equita suggests an encouraging improvement, after a first half of the year impacted by few financial transactions in the Italian market”.

Vismara continued: “The growth targets for the next three years are ambitious but achievable. Over the years Equita has significantly diversified its business and successfully developed new initiatives. This strong track record delivered by the management lays the basis to reach the medium to long term targets set in the 2020-2022 Strategic Plan”.

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