UniCredit Group said on Tuesday that its total revenue in the fourth quarter of fiscal 2024 amounted to €6 billion, increasing 0.7% on an annual basis. Meanwhile, in the reported three-month period, year over year, net profit tumbled 18.4% to €1.6 billion and earnings per share dropped by 6.7%, reaching €1.03.
For the full year, total revenues increased 4.3% to €24.8 billion, net profit advanced 8.1% to €9.3 billion
"We ended 2024 with a strong fourth quarter, crowning 16 quarters of quality profitable growth and our best full year stated net profit ever at €9.7 billion, net profit ex DTA is up 8% versus the prior full year … As further proof of our generous distribution policy we are increasing the cash dividend to 50% of net profit from 2025," CEO Andrea Orcel mentioned.
