Etica Sgr 2014 results: net profit of € 1.8 million

The Board of Directors of Etica Sgr approved the Full Year Results as at 31 December 2014 with a net profit of € 1.8 million (+ 173%)

  • Proposed a dividend of 2.5 euro per share. The assets under management rose to € 1.3 billion euro
  • Gross profit grew to € 2.8 million euro (+136% compared to 2013), fees income to € 13.7 million (+ 79%), intermediation margin to € 5.8 million (+ 67%)
  • The Board of the company proposed a dividend distribution of € 1.1 million, amounting to € 2.5 per share
  • Net inflows of “Valori Responsabili” in 2014 were € 446 million euro. Assets under management increased to € 1.3 million (+ 70%)
  • the number of customers grew to 68,000 (+ 77%). Etica Sgr is the first operator in the field of ethical funds in Italy, with a market share of 42% (source: Assogestioni, as of 31 December 2014)
  • Engagement activities: in 2014 Etica Sgr voted at shareholders’ meetings of 27 companies
  • The fund that guarantees microcredit projects in Italy rises for 2015 to €1.3 million

The Balance Sheet  2014 and the dividend distribution proposal will be brought in to the Shareholders’ approval to be held 29 April 2015.

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