Rome, 6 March 2020, yesterday, the Board of Directors of Poste Italiane S.p.A. (“Poste Italiane” or the “Group”), chaired by Maria Bianca Farina, approved the 2019 Annual Financial Report, prepared in compliance with IAS/IFRS, and the updated guidance for 2020.
Commenting on the results, Matteo Del Fante, Poste Italiane Chief Executive Officer and General Manager, said:
“We have exceeded our financial targets for the second consecutive year, doubling our 2016 net profit, on the back of recurring revenue growth and a continued focus on cost discipline.
As a result, we are proposing a 5% increase in the dividend, in line with our Deliver 2022 commitment, and upgrading our 2020 guidance, with continued growth in underlying profitability.
Thanks to the industrial transformation carried out in recent years, Poste Italiane is a resilient business thanks to its diversified business model, and is well positioned to face stress scenarios, such as the Covid-19 situation.
Taking this all into consideration and on the assumption that the situation will stabilize, we can count on operational and managerial actions to achieve our targets. We will continue to monitor the situation and are doing everything in our power to protect and support our people, customers and wider stakeholders.”
Source: Poste Italiane