(ANSA) – MILAN, 03 MAY – Unicredit archives a record first quarter with profits of 2.1 billion euros. Analysts were expecting 1.3 billion. Revenues amounted to 5.8 billion euros, an increase of 56.5% year on year. “While we remain vigilant, we are also confident that we can continue to guarantee, for the foreseeable future, constant and high-quality profitability growth, with a structurally reduced cost base and cost of risk”, said the CEO of Unicredit, Andrea Orcel at commentary on quarterly results. “So far, Europe has shown resilience to exogenous shocks and periods of heightened uncertainty. At Unicredit, we anticipated a difficult macroeconomic scenario and prepared ourselves by strengthening defense lines and adopting preventive actions in order to safeguard our future performance “, he adds. (HANDLE). REPRODUCTION RESERVED © Copyright ANSA
