Matteo Del Fante, CEO of Poste Italiane
Poste Italiane, in the third quarter profit of 401 million, revenues up 7%
Italian post in the third quarter of the year recorded revenues up 7% a 2.8 billion; in the nine months the growth was 12% to 8.4 billion. The Operating income in the third quarter is up by 18% a 566 millioni (and up by 30% in the nine months of the year to 1.6 billion).
L'Net income, in the quarter, it rose by 14% a 401 million (up 31% to 1.2 billion in the nine months of the year). The group has revised its profitability targets for 2021 upwards: EBIT is expected to be 1.8 billion and profit at 1.3 billion. Italian post also confirms the distribution of an interim dividend relating to the even 2021 results 0.185 euros (+ 14% year on year).
Poste Italiane, growth continues in all sectors: solid performance in financial services
Looking at the various sectors, continues the growth in all business segments of the packages and the recovery of revenues from correspondence; there is a steady growth of payments and mobile while I financial services And insurance they are supported by solid performance of the distribution network. Total financial assets amounted to € 582 billion, above the targets set for 2021.
Among the foreseeable objectives of the management, the group, explains the note, will continue the evolution path of the offer with the entry into energy market expected during the 2022 and with the development of the strategic segments of parcels, e-money and protection.
Poste Italiane, CEO Del Fante speaks: "For 2021 we expect revenues to increase by 100 million"
"We have achieved solid results, in the context of a continuous improvement of the Italian economy, with all our activities regaining even more momentum in growth compared to the phase before the pandemic, demonstrating the validity of our diversified business model. scenario, we remain focused on balancing cost efficiency and investments aimed at seizing growth opportunities ", said Matteo Del Fante, CEO of Poste Italiane, commenting on the results for the third quarter.
"We are catching up," he added Of the Infantryman, volumes in mail, as we return to normal, and parcels continue to grow in the direction of a "new normal". The growth in deposits has been substantial and our offer to purchase tax credits has met with the favor of a rapidly expanding customer base, supporting the interest margin despite the presence of low interest rates ",
"In the Insurance services we confirm our ambitious objectives for 2021, with 66% of gross premiums in the Life business deriving from our multi-line offer. The start-up of the energy business, as part of our digital offer and constantly growing payments, is proceeding in line with the expected timescales ", underlined the CEO.
In addition, he added, "the success obtained in the implementation of the '24SI' Plan is at the basis of the update of the our guidance for 2021. We now anticipate that the revenues for the full year increase by approximately 100 million euros compared to our original target, reflecting the solid performance since the beginning of the year and prospects that will remain good for the rest of the year. We have continued to pursue careful cost control throughout the year and expect lower total costs to lead to a operating profit of approximately 1.8 billion euros, compared to our initial goal of 1.7 billion euros ".
"There updated forecast on net profit now stands at around 1.3 billion euros compared to our previous indication in the guidance of 1.2 billion euros, excluding the revaluation of Sia. Since the launch of the '24SI' Plan, various initiatives have been launched both within the group and externally, paving the way for a successful implementation of the plan, reducing the execution risk in order to focus on multiple priorities. ' long term".
"We have agreed with the government, he stressed Of the Infantryman, a new universal service; long-term e-commerce partnership with Amazon; strengthened the relationship with our workforce with a new collective agreement; our commitment continued in the distribution of postal savings, which is confirmed to be the most stable source of financing for the Government with retail customers ".
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