The Board of Directors of Equita Group approves the financial results for the year ended 31 December 2019. Change in the calendar of corporate events and dividend proposal.

The Board of Directors of Equita Group approves the draft of separate financial statements and the consolidated financial statements for the year ended 31 December 2019

• Consolidated Net Revenues of Euro 58.3 million and Consolidated Net Profit of Euro 9.5 million in 2019
• Growth in Net Revenues and Net Profit in the fourth quarter 2019 versus 2018, continuing positive trend from the third quarter 2019
• Total Capital Ratio of 26%, consistently above capital requirements

Change in the calendar of corporate events for fiscal year 2019: Shareholders’ Meeting postponed to May 7th, 2020

Dividend proposal of Euro 0.19 per share, with a payout ratio of 91% and a dividend yield of 9.1%

Milan, 18th March, 2020

The Board of Directors of Equita Group S.p.A. today approved the draft of separate financial statements and the consolidated financial statements for the year ended 31 December 2019. The Board of Directors also resolved to propose to the Shareholders' Meeting the distribution of a dividend per share of Euro 0.19, representing a payout ratio of 91% and a dividend yield above 9%. Then, the financial caledar of the fiscal year 2019 was modified: the Shareholders' Meeting was postponed from 30 April 2020 to 7 May 2020, as allowed by the Decree "Cura Italia" published on 17 March 2020.

Andrea Vismara, Chief Executive Officer of Equita, commented: “2019 was a very important year for Equita. We reaffirmed our position as the leading independent broker in Italy and successfully managed market challenges. We also put in place the foundations for a medium to long-term strategy that will deliver further growth and sustainability. Our increased market shares across all the financial instruments we broker for third parties was a great achievement, especially in an environment where brokered volumes continued to shrink. Alternative Asset Management continued to benefit from the launch of new products and services, recording an increase in assets under management. Investment Banking showed positive signals too, with a progressive quarter over quarter growth and despite the declining net revenues year on year due to the limited number of capital markets’ transactions in Italy".

Vismara continued: “The outbreak of Covid-19 has created market and economic uncertainty in Italy and abroad. Despite this, I remain confident that thanks to our capabilities and skills developed over time, we will be able to weather this difficult moment. Technology has long been an important area of transformation for Equita and this forward-looking investment has guaranteed business continuity in these difficult times, allowing us to maintain clients service levels while protecting our employees from the spread of the contagion. Thanks to the business diversification achieved in the last few years, we have minimised our exposure to certain risk factors".

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