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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Q4 2023 Poste Italiane SpA Earnings Call Transcript

Feb 29, 2024 / 11:00AM GMT
Release Date Price: €10.84 (+3.09%)
Operator

Good morning, everyone, and welcome to Poste ltaliane Fourth Quarter and Full Year 2023 Results Conference Call. Matteo Del Fante, our CEO, will take you through some operating remarks, and then Camillo Greco, our CFO, will cover the financials. This will be followed by a Q&A session (Operator Instructions) And with that, over to you Matteo.

Matteo Del Fante
Poste Italiane S.p.A. - CEO, GM & Director

Good morning, and thank you for joining us today. I will walk you through our results in 2023. Substantially over delivering on 2024 sustainable targets as well as on our guidance given to the market in March 2023. Poste ltaliane has been able to generate sustainable profitability even in complex environment, thanks to its well-diversified and resilient business model. We have delivered a revenue increase of over 5% year-on-year, nearing EUR 12 billion, alongside a record 2023 operating profit of EUR 2.62 billion, more than doubling 2018 EBIT. We have also approached breakeven our main part and distribution division ahead of guidance, our key ambitions

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