Unicredito Spa Ord New (UNCFF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Before I hand over to Magda Placinska, Head of Investor Relations, a reminder that today's call is being recorded. Madam, you may begin. Good morning and welcome to Unicredit's first quarter 2025 results conference call. Andrea Orchel, our CEO, will take you through the presentation. This will be followed by a Q&A session with Andrea and Stefano Porro, our CFO. Please limit yourself to two questions. With that, I'll hand over to Andrea. Good morning. Before I take you through our results, strategy, and prospects, I would like to take this opportunity to thank, once again, our people, the true engine of Unicredit, whose passion, dedication, hard work, and excellence make this possible quarter after quarter. Q1 2025 marks the beginning of phase two of Unicredit Unlocked, unlocking acceleration. While we continue to optimize our operating model, we are now focused on fully leveraging our structural commercial strengths to drive top-line growth. This quarter's results, well ahead of our plan across all KPIs, confirm the resilience of our core business, the depths of our transformation, and the strengths of our future trajectory. Our performance is anchored on three pillars. First, financial strengths. Q1 marks the best quarter in our history, solidifying our record of quality delivering across all KPIs, building a significant buffer to improve our own projection for 2025, while increasing our lines of defense. This meaningfully differentiates us, our present and expected future performance versus that of our peers. Second, structural strengths. We operate a unique pan-European platform diversified across countries, client segments, and business lines. This gives us reach and resilience, allowing us to reallocate capital towards the hig...