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Banco Santander SA (SAN) CEO José Antonio Álvarez on Q4 2018 Results - Earnings Call Transcript

Feb. 04, 2019 5:26 PM ETBanco Santander, S.A. (SAN)1 Comment
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Banco Santander SA (NYSE:SAN) Q4 2018 Results Earnings Conference Call January 30, 2019 8:00 AM ET

Company Participants

Sergio Martínez - IR

Ana Patricia Botín - Executive Chairman

José Antonio Álvarez - CEO

Conference Call Participants

José Abad - Goldman Sachs

Francisco Riquel - Alantra Equities

Vanessa Guy - JPMorgan

Alvaro Serrano - Morgan Stanley

Ignacio Ulargui - Deutsche Bank

Mario Ropero - Fidentiis

Carlos Peixoto - Caixabank-BPI

Sergio Martínez

Good morning, everyone. Thanks for joining this Grupo Santander Q4 earnings presentation every January. We're delighted to have our Group Executive Chairman with us.

Today, she will address the 2018 group performance as well as after, obviously, our Group CEO addressing in more detail the group and different business areas, our full year numbers. She will also talk about how we are accelerating the, our commercial and digital transformation before concluding remarks, and obviously, plenty of time for your questions.

With no further delays, Ana, please.

Ana Patricia Botín

Yes, good morning, and thank you, Sergio. And I have to say congratulations, Sergio, our Head of Investor Relations, had twins two days ago so we very much appreciate you being here today. They were boys. Nobody's perfect, I'm sorry. Two boys, but they are doing fine. So again, thank you for being such a disciplined Santander executive. You should have stayed with your wife.

But we are very happy to have you. So good morning, everybody, and thank you for joining us. As we close our 3-year cycle, I'd like to start by saying that 2018 was an excellent year for Santander, and I would like to say that, as you see from our results this year, we actually performed well and all down the P&L, all the way down to a net profit, which is up 18% and up 32% in constant euros. But very importantly, we did well on revenues, on cost and

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Comments (1)

Everything said and read looks very good and rosy. Why is SAN stuck in the 4- 5 range and cannot break the 5 barrier upwards ?
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