Poste Italiane SpA (MIL:PST)
€ 13.475 -0.07 (-0.52%) Market Cap: 17.44 Bil Enterprise Value: -11.23 Bil PE Ratio: 8.78 PB Ratio: 1.46 GF Score: 59/100
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Q2 2019 Poste Italiane SpA Earnings Call Transcript

Jul 31, 2019 / 09:30AM GMT
Release Date Price: €9.66 (+3.43%)
Operator

Good morning, ladies and gentlemen, and thank you for standing by. Welcome to today's Q2 and First Half 2019 Financial Results. (Operator Instructions) I must advise you that this conference is being recorded today, Wednesday, the 31st of July 2019.

I would now like to hand the conference over to your speaker today, Matteo Del Fante. Please go ahead, sir.

Matteo Del Fante
Poste Italiane SpA - CEO, GM & Director

Good morning. Good morning, ladies and gentlemen. Thank you for joining us this morning as we present Poste Italiane results for the second quarter and first half of 2019. I will take you through the key highlights before handing over to our CFO, Guido Nola, for a more detailed business review. I will then provide some closing remarks before we open the call for questions.

Let's start with a quick overview on Slide 3. The first half of the year, operating profit was up 2.6% to EUR 1.1 billion, resulting in net profit for the first half of EUR 0.8 billion, in line with 2019 targets. All segments provided a positive contribution to

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