Société Générale: FY 2018 net income up 38%
(CercleFinance.com) - Société Générale has announced 2018 group book net income that is up 37.
7% at 3,864 million euros, meaning EPS of 4.24 euros. The group proposes a stable dividend of 2.20 euros, with shareholders having the option of receiving payment in shares.
Revenues increased by 0.6% to 25,205 million euros, thanks to strong
performance in retail banking and international financial services,
resilient retail banking performance in France and a strong momentum in
financing and advisory services.
With an "Adaptation of the execution and financial targets of the 2020
strategic plan," Société Générale aims for an ROTE of between 9% and 10%
(after 9.7% in 2018), a CET1 ratio of 12% and a distribution rate of
50%, with a dividend per share of at least 2.20 euros.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
7% at 3,864 million euros, meaning EPS of 4.24 euros. The group proposes a stable dividend of 2.20 euros, with shareholders having the option of receiving payment in shares.
Revenues increased by 0.6% to 25,205 million euros, thanks to strong
performance in retail banking and international financial services,
resilient retail banking performance in France and a strong momentum in
financing and advisory services.
With an "Adaptation of the execution and financial targets of the 2020
strategic plan," Société Générale aims for an ROTE of between 9% and 10%
(after 9.7% in 2018), a CET1 ratio of 12% and a distribution rate of
50%, with a dividend per share of at least 2.20 euros.
Copyright (c) 2019 CercleFinance.com. All rights reserved.