Credit Agricole SA (MEX:ACAF)
MXN 281.95 0 (0%) Market Cap: 820.21 Bil Enterprise Value: -5.08 Til PE Ratio: 7.00 PB Ratio: 0.56 GF Score: 77/100
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Q1 2021 Credit Agricole SA Earnings Call Transcript

May 07, 2021 / 12:30PM GMT
Release Date Price: MXN316.88
Operator

Good day, and thank you for standing by. Welcome to the Crédit Agricole Q1 Results 2021 Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded.

I would now like to turn the conference over to your CFO, Jerome Grivet. Thank you. Please go ahead.

Jerome Grivet;dit Agricole S.A.;Deputy GM;CFO
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Good afternoon to everyone of you. I'm happy to present to you the results of the group and of Crédit Agricole SA for this first quarter of 2021. Let me go to the slide show quite as rapidly as possible in order to leave you time for your questions.

So we can start on Page 4. You can see that the group is posting a net profit of EUR 1.75 billion, which is almost double as compared to Q1 '20 when we stated from the traditional specific items, and I'll go back on this one just afterwards, the underlying net income group share stands at EUR 1.6 billion, and it is still an increase of 63%. What is the main element that we restate this quarter is the fact

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