How much will post office accounts rise (according to analysts)

10 May 20213 years ago babelfish

The consensus of analysts sees growth in revenues and profits for Poste Italiane in the first quarter of 2021. All the details

2.877 billion euros in revenues. The 11 analysts following the Poste Italiane share agree: 2021 is off to a good start for the Group led by Matteo del Fante , which in addition to revenues also saw double-digit profit growth. Costs, on the other hand, are decreasing.

All the numbers on the forecasts of the first quarterly of the year for Poste Italiane.

REVENUES

Total revenues, according to analysts, should amount to € 2.877 billion, up from € 2.755 billion in the same period of 2020, according to the Consensus published by Poste Italiane, based on a sample of the most recent financial estimates made by 11 analysts.

ALL BUSINESSES GROW (EXCEPT FINANCIAL SERVICES)

All sectors are growing. The mailing, parcel and distribution services business recorded a turnover of 895 million, compared to 771 million in the first quarter of 2020. Revenues for the Payment and Mobile area amounted to 186 million, from 165 million last year. 471 million the turnover of Insurance Services, from 355 million in 2020.

Revenues from Financial Services, on the other hand, decreased: 1.325 billion against 1.464 billion in 2020.

PROFIT: DOUBLE DIGIT INCREASE

Profit is also growing. Gross is estimated at 580 million and net profit at 408 million, up by about 25%, from 306 million in the same period of 2020.

THE OTHER NUMBERS

Total costs decreased slightly, to 2.305 billion from 2.315 billion in the first quarter of 2020.

According to the Consensus, EBIT is set at 573 million, with an EBIT margin of 19.9%, up from 441 million in the first quarter of 2020. 28 million relates to the business of correspondence, parcel and distribution services, 69 million for the Payment and Mobile area, 206 million for Financial Services and 270 million for Insurance Services.

PRESENTATION OF THE ACCOUNTS

The group will present the real numbers for the first quarter of 2020 on May 12.

This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/quanto-lieviteranno-i-conti-di-poste-secondo-gli-analisti/ on Mon, 10 May 2021 03:32:57 +0000.