Unicredit posts record net profit of 8.6 billion in 2023. This is higher than the 7.9 billion net profit forecast by analysts.
"4Q23 was the twelfth consecutive quarter of quality profitable growth," said CEO Andrea Orcel. Orcel also said the group intends to distribute 100% of netprofit for 2023 to shareholders, "pending approvals, up €3.35billion versus prior year" The group gained over 10% on the Milan stock exchange in Monday morning trading.