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4-Traders Homepage  >  Equities  >  Italian Stock Exchange  >  UniCredit SpA    UCG   IT0004781412

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Bank Pekao Sees 2012 Result At Last Year's Level -CEO

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05/10/2012 | 01:13pm CET

Bank Pekao SA (PEO.WA), Poland's second-largest bank by assets, expects its 2012 financial result at last year's level, Chief Executive Luigi Lovaglio told a press conference Thursday.

Net profit at the UniCredit Spa (>> UniCredit SpA) unit rose 15% on the year in 2011 to 2.9 billion zloty ($887 million).

Results for each of the remaining three quarters of this year won't be worse than in the first quarter, Lovaglio also said. Pekao said earlier Thursday its net profit rose 9.6% to PLN710.6 million, beating market expectations.

Lovaglio added Pekao hopes to grow faster than the market, and that the sales target of PLN10 billion for new loans this year looked realistic.

-By Patryk Wasilewski and Marcin Sobczyk, Dow Jones Newswires; +48 22 447 2432; marcin.sobczyk@dowjones.com

Stocks mentioned in the article : UniCredit SpA
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Financials (€)
Sales 2016 22 308 M
EBIT 2016 8 517 M
Net income 2016 990 M
Debt 2016 -
Yield 2016 5,29%
P/E ratio 2016 10,89
P/E ratio 2017 5,78
Capi. / Sales 2016 0,63x
Capi. / Sales 2017 0,63x
Capitalization 14 049 M
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Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 2,84 €
Spread / Average Target 25%
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Managers
NameTitle
Jean-Pierre Mustier Chief Executive Officer
Giuseppe Vita Chairman
Ranieri de Marchis Co-Chief Operating Officer
Francesco Giordano Co-Chief Operating Officer
Marina Natale Chief Financial Officer
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