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2025.02.0606:55:00UTC+00Societe Generale 2024 Net Income Rises; Revenues Up 6.7%

Societe Generale has announced a significant rise in its net income, attributable to shareholders, for 2024, reaching 4.20 billion euros, a notable increase from the previous year’s 2.49 billion euros. The earnings per ordinary share also rose to 4.38 euros, up from 2.17 euros. Additionally, net banking income saw an increase, climbing to 26.79 billion euros from 25.10 billion euros.

In the fourth quarter, the Group’s net income surged to 1.04 billion euros, compared to 429 million euros in the corresponding quarter of the previous year. The net banking income for the quarter also improved, rising to 6.62 billion euros from 5.96 billion euros.

The Board of Directors has sanctioned the distribution strategy for fiscal year 2024, with plans to distribute 2.18 euros per share, totaling 1.74 billion euros, including 872 million euros allocated for a share buyback. A cash dividend amounting to 1.09 euros per share will be proposed at the General Meeting of Shareholders scheduled for 20 May 2025. This dividend is expected to be detached on 26 May 2025 and disbursed on 28 May 2025.

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