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Investor Relations

The EQUITA stock

EQUITA Euronext STAR Milan
EQUITA Euronext STAR Milan

EQUITA, the leading independent investment bank in Italy, is listed on the STAR segment of the Italian Stock Exchange through its parent company EQUITA Group S.p.A. (EQUI, ISIN code: IT0005312027).

After its admission in November 2017 on Euronext Growth Milan (formerly known as AIM Italia), in October 2018 the management completed the translisting to the regulated market by joining the Euronext STAR Milan market - the segment dedicated to mid-sized companies committed to excellence in terms of transparency, liquidity and corporate governance - as promised to investors.

Latest financial results


First Quarter
(as of 31 March 2024)

17.1

Consolidated
Net Revenues

3.1

Consolidated
Net Profits

21

Return on Tangible Equity (ROTE)

Milan, 14 May 2024 - The Board of Directors of EQUITA Group S.p.A. approved the first quarter financial results of the Group as of 31 March 2024

Andrea Vismara, Chief Executive Officer at EQUITA, commented: “The results of the first quarter 2024 highlight a recovery in M&A activity, good progress in the Alternative Asset Management business and resilient performance in Global Markets despite soft trading volumes on mid and small caps”.

“For the coming months, we expect a gradual improvement in the overall market, mainly driven by the decline in interest rates. Some initiatives aimed at fostering access to capital markets and ease the regulatory framework at a domestic and European level are also expected to further contribute to this trend. EQUITA will also benefit from the launch of new illiquid products such as EQUITA Green Impact Fund and EQUITA Private Debt Fund III, with first closings both to occur by the end of June 2024”.

Vismara added: “We are really satisfied with the progress we have made together in recent years and are pleased to further strengthen and grow the partnership with Giuseppe Grasso, Filippo Guicciardi and their team. EQUITA K Finance will remain independent from a corporate standpoint, preserving its identity and its role as a trusted partner for excellent entrepreneurs. The acquisition of this minority stake will create further value for our investors and will allow Giuseppe and Filippo to be more involved in the EQUITA shareholding structure. So, growth in Investment Banking continues. All our recent investments have led us to build a comprehensive offering in M&A advisory, assisting entrepreneurs, listed companies, institutions and private equity funds – both in Italy and abroad – and this has significantly improved our positioning in the league tables”

 

 

Read the press release

Go to "Results and Presentation"

Dividends

EQUITA benefits from a particular business model that invests in capital-light initiatives. This allows the Group to use the cash generated from net profits to finance distributions to shareholders, M&A transactions and investments in new initiatives aimed at accelerating organic growth, keeping at the same time strong financial soundness as demonstrated by the rock-solid capital ratios, well above minimum capital requirements.

80

dividends
distributed
since IPO

1.88

per share
distributed
since IPO

0.35

per share
the dividend
2023

Figures referred to total dividends and per share dividends distributed since IPO include the 2023 dividend proposal, to be paid out in 2024

Historically, EQUITA has always distributed to shareholders 100% of net profits. Since 2017, following the admission to AIM Italia (today Euronext Growth Milan) and the translisting to Euronext STAR Mial in 2018, the management has decided to retain each year a portion of net profits, to pursue a more conservative approach aimed at promoting increasing dividends and finance potential accretive corporate finance transactions.

Investment Case

Equita IPO
Equita IPO

EQUITA is the leading independent investment bank in Italy and the go-to partner for investors, listed companies, corporates and financial institutions.

Over the years the Group has diversified significantly its revenue stream by growing in all areas of business, especially in the Investment Banking and Alternative Asset Management divisions.

This diversification has contributed to an increasingly resilient performance and confirmed the ability of EQUITA to consistently deliver net profits, also in particularly challenging periods of volatile markets.

 

The investment case in 10 simple concepts

  1. Leadership on the Italian market
  2. Unique business model
  3. Diversification and resiliency
  4. Complementary businesses and cross-selling opportunities
  5. Flexible cost structure
  6. Operating leverage and high profitability
  7. Strong cash generation and rewarding dividends
  8. Interests aligned to investors
  9. Successful track-record
  10. Sustainability integrated into the business model

Sell-side coverage

The EQUITA stock is covered by Intesa Sanpaolo (previously UBI Banca) and Kepler Cheuvreux. Equity reports are available to all investors. Visit the section dedicated to sell-side analysts to access all the reports published.

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