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

Q3 2020 Poste Italiane SpA Earnings Call Transcript

Nov 12, 2020 / 01:30PM GMT
Release Date Price: €8.23 (+3.03%)
Operator

Good afternoon, ladies and gentlemen. Welcome to Poste Italiane's Third Quarter 2020 Results presented by CEO, Matteo Del Fante; and our Group CFO, Guido Nola. (Operator Instructions) And now let me pass it over to Matteo.

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

Good afternoon, and thank you for joining us. This is Matteo Del Fante. First of all, please allow me to say, I hope you and your families are well and safe. I will take you through the highlights of the quarter, 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 me start on Slide #3 with a quick overview of quarterly results. The third quarter saw tangible signs of recovery across all segments with performances that are comparable to those recorded the same quarter last year. Mail, Parcel and Distribution operating profit improved this quarter, with Parcel and Distribution revenue growth offsetting Mail decline. In Financial and Insurance Services, product

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot