Financials Mediobanca S.p.A.

Equities

Real-time Borsa Italiana Other stock markets 06:02:14 17/03/2026 pm IST			5-day change	1st Jan Change
16.04 ^EUR	+2.59%		-0.50%	-9.59%

04:22pm	Milan stock market flat at the open, energy and utilities perform well, Amplifon continues to slide	RE
16/03	Milan stock market opens lower ahead of central bank meetings; Amplifon collapses	RE

Fiscal Period: June	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	2,628	2,851	3,304	3,607	3,660	3,827	4,062	4,225
Change	-	8.46%	15.91%	9.15%	1.47%	4.57%	6.14%	4.01%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	1,390	1,539	1,891	2,065	-	2,162	2,365	2,483
Change	-	10.67%	22.92%	9.16%	-	-	9.4%	4.97%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	1,104	1,169	1,428	1,736	1,220	1,850	2,197	2,478
Change	-	5.82%	22.21%	21.57%	-29.73%	51.64%	18.76%	12.79%
Net income ¹	807.6	907	1,027	1,273	783	1,345	1,553	1,700
Change	-	12.31%	13.21%	24.02%	-38.51%	71.74%	15.47%	9.46%
Announcement Date	29/07/21	29/07/22	27/07/23	01/08/24	09/02/26	-	-	-

¹EUR in Million

Estimates

Fiscal Period: June	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q4	2026 Q1
Net sales ¹	675	662.8	664.8	706	753	688	703.7	757	901.5	759	886.6	864	866.9	897.6	978.6	918	867.6
Change	-	-1.81%	0.3%	6.2%	6.66%	-8.63%	2.28%	7.57%	19.09%	-15.81%	16.81%	-2.55%	0.34%	3.54%	9.02%	-6.19%	-5.49%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	372	348.3	332.3	403	422.2	364	349.3	435.6	532	415	508.4	520	475.4	509	560.4	483	486.3
Change	-	-6.37%	-4.59%	21.28%	4.76%	-13.78%	-4.04%	24.71%	22.13%	-21.99%	22.51%	2.28%	-8.58%	7.07%	10.1%	-13.81%	0.68%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	292	261.4	271.2	347	308.7	246	267.7	353.4	397	314	363.7	459	382.8	455.4	438.6	400	419.8
Change	-	-10.48%	3.75%	27.95%	-11.04%	-20.31%	8.82%	32.01%	12.34%	-20.91%	15.83%	26.2%	-16.6%	18.97%	-3.69%	-8.8%	4.95%
Net income ¹	211	193.3	203.7	262	263.9	190	191.1	262.6	292.5	235	236.3	351	259.9	334.9	327.3	221	291.2
Change	-	-8.39%	5.38%	28.62%	0.73%	-28%	0.58%	37.41%	11.39%	-19.66%	0.55%	48.54%	-25.95%	28.86%	-2.27%	-32.48%	31.76%
Announcement Date	09/02/21	11/05/21	29/07/21	27/10/21	09/02/22	11/05/22	29/07/22	27/10/22	09/02/23	11/05/23	27/07/23	26/10/23	09/02/24	10/05/24	01/08/24	09/02/26	05/11/25

¹EUR in Million

Estimates

Fiscal Period: June	2022 S1	2023 S1	2024 S1	2025 S1	2025 S2
Net sales ¹	1,459	1,658	1,731	1,848	1,786
Change	-	13.64%	4.35%	6.77%	-3.34%
EBITDA	-	-	-	-	-
Change	-	-	-	-	-
EBIT ¹	826	967.6	995.2	1,068	970
Change	-	17.14%	2.85%	7.27%	-9.14%
Charge d'intérêts	-	-	-	-	-
Earnings before Tax (EBT) ¹	655.4	750.4	842.2	931.3	820
Change	-	14.49%	12.23%	10.58%	-11.95%
Net income ¹	525.8	555.1	611.2	659.7	513
Change	-	5.57%	10.11%	7.94%	-22.24%
Announcement Date	09/02/22	09/02/23	09/02/24	10/02/25	09/02/26

¹EUR in Million

Estimates

Fiscal Period: June	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	29/07/21	29/07/22	27/07/23	01/08/24	09/02/26	-	-	-

Estimates

Fiscal Period: June	2020	2021	2022	2023	2024	2025
CAPEX ¹	21.65	26.34	26.46	39.75	51.16	103.5
Change	-	21.65%	0.47%	50.23%	28.7%	102.39%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	16/09/20	01/10/21	30/09/22	25/09/23	26/09/24	26/09/25

¹EUR in Million

Estimates

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	52.9%	53.97%	57.24%	57.24%	-	56.48%	58.22%	58.76%
EBT Margin (%)	-	42.01%	40.99%	43.22%	48.14%	33.33%	48.34%	54.09%	58.65%
Net margin (%)	-	30.73%	31.82%	31.07%	35.31%	21.39%	35.14%	38.23%	40.23%
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	-	1%	-	1.13%	-	-	-	-	-
ROE	-	7.82%	8.37%	9.35%	11.33%	-	12.49%	13.66%	15.41%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	0.66	0.75	0.85	1.07	-	1.564	1.748	1.857
Change	-	-	13.64%	13.33%	25.88%	-	-	11.75%	6.25%
Book Value Per Share ¹	-	11.8	11.6	12.5	12.3	-	12.47	12.47	12.47
Change	-	-	-1.69%	7.76%	-1.6%	-	-	0%	0%
EPS ¹	-	0.91	1.05	1.21	1.53	-	1.66	1.92	2.095
Change	-	-	15.38%	15.24%	26.45%	-	-	15.7%	9.11%
Nbr of stocks (in thousands)	-	8,60,669	8,46,253	8,40,644	8,30,981	-	8,13,280	8,13,280	8,13,280
Announcement Date	-	29/07/21	29/07/22	27/07/23	01/08/24	-	-	-	-