Summary Q1/2020 financial results
- Strong net revenue growth in Q1/2020 to €915 million (+27%) mainly driven by exceptionally high volatility; secular growth initiatives continued positive contribution as planned (+8%).
- Adjusted net profit increased by 33% to €387 million and the adjusted EPS amounted to €2.11.
- Virtual AGM will take place on 19 May 2020; increase of 2019 dividend per share by 7% to €2.90 proposed (48% pay-out).
- Despite strong start to the year, guidance for 2020 remains unchanged (~€1.20 billion adjusted net profit); this is mainly reflecting expected declines in some business areas over the course of the year (e.g. NII).
- Streamlining of segment reporting (from 9 to 7) to further increase transparency regarding the Group’s secular growth areas.
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