CDP Group: consolidated results for the first half of 2017 approved

Ongoing Business Plan in line with expectations. Positive trend of economic results rising over year

Rome August 3, 2017

Resources mobilised and progress of the 2016-2020 Business Plan

  • Increase of the Group's resources mobilised in favour of the economy for over € 13 billion (+5% vs 1st half of 2016), of which over € 9 billion invested by the Parent Company (34% vs 1st half of 2016)
  • Over € 11 billion for the growth and international expansion of Italian companies (+1% vs 1st half of 2016)
  • Over the first 18 months, more than 25% of the resources earmarked for investment over the entire Business Plan's horizon (2016-2020) have been mobilised

Economic and financial results

  • Sharp increase in economic results: Group net income of € 2.5 billion (€ 0.6 billion in 1st half of 2016) and Parent Company net income of € 1.2 billion (€ 1.1 billion in 1st half of 2016)
  • Strong improvement of profitability: Group gross income equal to € 1.5 billion (practically nil in 1st half of 2016) and Parent Company gross income equal to € 1.5 billion (approximately +8% vs 1st half of 2016)
  • Capital base: substantially stable with a Total equity of € 34.6 billion (€ 35.7 billion in December 2016), and a Parent Company equity of € 23.4 billion (€ 23.2 billion in December 2016).

 

Read the press release