Banca Generali Spa (BGNMF) Q4 2023 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.335 -- 00:00:04.619 Good afternoon. This is the Chorus Call Conference Operator. 00:00:04.619 -- 00:00:10.004 Welcome and thank you for joining the Banca Generali Preliminary 2023 Results Conference 00:00:10.004 -- 00:00:15.009 Call. As a reminder, all participants are in listen-only mode. 00:00:15.009 -- 00:00:19.013 After the presentation, there will be an opportunity to ask questions. 00:00:19.013 -- 00:00:23.277 Should anyone need assistance during the conference call, they may signal an operator 00:00:23.277 -- 00:00:27.402 by pressing star and zero on their telephone. 00:00:27.402 -- 00:00:31.387 At this time, I would like to turn the conference over to Mr. 00:00:31.387 -- 00:00:35.272 Gianmaria Mossa, CEO and General Manager. 00:00:35.272 -- 00:00:37.832 Please go ahead, sir. 00:00:40.799 -- 00:00:44.261 Our full year results conference 00:00:44.643 -- 00:00:50.030 goal. 2023 results were very, very strong with 00:00:50.030 -- 00:00:55.056 a new record high in terms of client assets, net profits, 00:00:55.056 -- 00:01:01.356 net recurring profits, and DPS proposal. 00:01:01.579 -- 00:01:06.907 We are also positive and confident on the results 00:01:06.907 -- 00:01:11.975 of this year thanks to a normalization of the interest 00:01:11.975 -- 00:01:17.743 rate context and more important for the deployment 00:01:17.743 -- 00:01:22.751 of very important strategic initiatives to enhance the 00:01:22.751 -- 00:01:26.330 productivity of our financial advisors. 00:01:26.330 -- 00:01:30.134 Before starting with numbers, 00:01:30.134 -- 00:01:32.654 at page 4, 00:01:32.876 -- 00:01:38.141 I want to spend a few words on a new classification of assets, net 00:01:38.141 -- 00:01:43.826 inflows and recurring fees that you will see during the presentation. 00...