Third-quarter profits beat forecasts at UniCredit
By Abigail Townsend
Date: Wednesday 22 Oct 2025
(Sharecast News) - Italy's UniCredit Group reiterated its full-year outlook on Wednesday on the back of strong third-quarter trading.
Total revenues at the lender, Italy's second-biggest after Intesa Sanpaolo, ticked up 0.3% in the three months to September end to €6.17bn.
Within that, net interest revenues fell 5.4% to €3.37bn. However, that was offset by spikes in both fees and trading income.
Net profits jumped 4.7% to €2.63bn, while the CET1 ratio stood at 14.8%.
Analysts had expected net profits to come in closer to €2.4bn.
Andrea Orcel, chief executive, said the results were a "record".
He continued: "We are confirming our 2025 net profit guidance of around €10.5bn pre any management actions to further propel our results, and we are on track to deliver our best year ever.
"By accelerating our strategy and deploying excess capital to create value, we have bolstered our best-in-class earnings and shareholder distribution trajectory."
UniCredit is also continuing to target net profits of above €11bn for 2027, despite acknowledging the ongoing macroeconomic headwinds.
As at 0915 BST, shares in UniCredit were off 2%.
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