UniCredit Reports Strong Fiscal 2024 Earnings Growth

UniCredit's fiscal 2024 shows a net profit of 9.3 billion euros, an 8.1% increase year-over-year. With significant growth in EPS and revenue, the future looks promising for investors in this financial institution.

Date: 11-02-2025

AI Rating: 7

Net Income and EPS Performance
UniCredit displayed solid financial performance with a reported fiscal 2024 net profit of 9.3 billion euros, representing an 8.1% growth from the prior year. The underlying net profit in the same period reached 10.3 billion euros. The increase in EPS was notable as well, rising by 22% to 5.74 euros, indicating a positive trend in earnings relative to the number of shares outstanding.

Quarterly Performance Analysis
The fourth quarter, however, showed a dip in performance with a stated net profit falling to 2.0 billion euros, a stark decrease of 29.9% compared to the previous year. EPS for this quarter was slightly down at 1.03 euros, showing a decrease of 6.7%. Net revenues also experienced a minor decline of 0.1%, hinting at short-term challenges.

Future Guidance
Looking ahead, UniCredit set a guidance for fiscal 2025 that aims for net profits to remain in line with fiscal 2024 levels while projecting net revenues above 23 billion euros. The company anticipates strong growth in EPS and mid-single-digit growth in fees, suggesting strategic initiatives may be taken to boost profitability moving forward. The longer-term ambition of achieving approximately 10 billion euros in net profit by 2027 could be particularly appealing to investors searching for growth.

Stocks: UCG