Overview of financial results
The Board of Directors of Equita Group S.p.A., a well-known independent Italian financial intermediary, recently published the financial data updated to 2024. Despite a slight general decline, the group has demonstrated significant resilience in the Italian financial landscape, confirming its solidity and ability to adapt to market
challenges.
Consolidated net revenues
Consolidated net revenues for the first nine months of 2024 amounted to 55.7 million euros, down 6% compared to the same period of the previous year. This decrease was mainly influenced by the Investment Banking area, which experienced a significant contraction. However, activities related to Global Markets have shown a stronger resilience, with increases in specific lines of business such as Sales & Trading and Client Driven Trading & Market Making
.
Growth in the Global Markets division
The Global Markets division reported a 3% growth in revenues, reaching 29.9 million euros in the first nine months of 2024. This result was made possible thanks to the increase in operations on higher-cap securities, in particular banking and blue chips. These factors offset lower activity on smaller issuers, demonstrating Equita’s ability to adapt to market
dynamics.
Positioning in the market
Despite market challenges, Equita has continued to stand out as the main independent intermediary in Italy. It has obtained significant market shares in all relevant segments, positioning itself as the first broker in the ‘Italy — Trading & Execution’ rankings. In addition, it has been recognized as one of the best investment banks for sales and corporate access activities, according to Institutional Investor — Extel surveys. This strategic positioning highlights Equita’s commitment to providing high-quality services to its customers
.
Future Perspectives
Looking to the future, Equita Group S.p.A. is preparing to face market challenges with a clear and targeted strategy. With the objective of increasing earnings per share and financing strategic acquisitions, the group continues to invest in innovation and development. The recent approval of a share repurchase program by Mediobanca, authorized by the ECB, represents a further step towards strengthening its position in the market
.