Financials
SACE
-
21 May 2015
First quarter results: net profit € 100 million (+ 39%)
The Board of Directors of SACE S.p.A. examined the interim report for the first quarter ended 31 March 2015.
The following are the highlights of the report:
- net profit € 100.1 million, 38.8% more than the first quarter of 2014
- gross premiums € 56.3 million (+ 4,8%)
- claims € 68.6 million, down 17.5%.
Shareholder’s equity at 31 March 2015 was € 4 billion, with a reduction of 14.4% due to the return of € 799 million to the shareholder in execution of the capital reduction resolved last December.
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