In Piazza Affari, in addition to Unicredit leader, also Banco Bpm, Bper and Intesa Sanpaolo, Bene Cnh Industrial thanks to the evaluations of the investment houses after the quarterly run among the banking stocks, outside the Ftse Mib purchases on Sicit (biostimulants for agriculture) for the interest of the agrochemical group Syngenta ready to promote an alternative takeover bid to that of NB Renaissance.
Unicredit, profit of 887 million in the first quarter
Unicredit closed the first quarter of 2021 with a net profit attributable to the group of 887 million, compared with a loss of 2.7 billion in the first quarter of 2020 and a loss of 1.2 billion in the last quarter of last year. The result is higher than analysts’ expectations, who estimated a profit of around 400 million. For the whole of 2021 UniCredit expects an underlying net profit substantially in line with the previous guidance, which spoke of a result ‘above 3 billion’.
Tim rushes, goodbye single net?
Tim is the case of the day in Piazza Affari: as anticipated by Bloomberg, the Draghi Government does not support the project to create a single broadband network with Telecom leader and, as reported by La Repubblica, has not included this project in the Recovery Plan presented in Brussels. In recent days, the steps forward for the sale of Open Fiber to Cdp and Macquarie had been interpreted as a positive sign towards the combination of Tim and Open Fiber infrastructures. Vittorio Colao, Minister for Digital Transition, questioned on the issue of the single network, explained the Government’s approach focused on the construction of infrastructures for the country but less on the corporate form. “I believe that the right role of politics is to think about the interests of citizens”, therefore to bring ultra-broadband to them and “do it in a balanced way. Company issues must be evaluated by companies and the Antitrust”, he said Colao during the webinar “The Plan – The economy of the next generation”. “We – the minister clarified – want to bring ultra-broadband to everyone, regardless of where they are located and we will do so with competing tenders between operators. Our objective, concluded Colao, is independent of corporate structures”.
In Brussels runs AB InBev: 1 billion profits in the quarter
AB InBev, the world leader in beer, posted a positive first quarter result of more than $ 1 billion, following the heavy loss in the same period last year due to the pandemic. Revenues for the period increased by 17.2% to 12.29 billion euros. The group announces that Brazilian number one Carlos Brito will step down on July 1st to be replaced by Michel Doukeris, the current president of North America. Jump of the title on the Brussels Stock Exchange.
In Paris focus on EssilorLuxottica and SocGen after the accounts
Essilorluxottica recorded revenues of 4.06 billion euros in the first quarter of 2021: the change is + 7.3% compared to the same period of 2020 while compared to the fourth
quarter of 2020 there was an increase close to 2 percentage points. Societe Gen posted a net profit of 814 million in the first three months of the year, compared to a first quarter of 2020 in the red.