How the 2021 accounts of Poste Italiane will be closed
What Poste Italiane predicts for 2021. Numbers and estimates
The expected results of the Poste Italiane group for the entire year 2021 are higher than the targets set and communicated to the financial community as part of the Capital Markets Day last March.
This is what can be read in the perspective part of the report on the third quarter of the year by Poste Italiane. Here are all the details.
WHAT DID IT SAY ABOUT FANTE (POSTE) ABOUT 2021
"We have achieved solid results, in the context of a continuous improvement of the Italian economy, with all our activities that have regained even more momentum in growth compared to the phase before the pandemic, demonstrating the validity of our diversified business model", he said the CEO of Poste Italiane, Matteo Del Fante, presenting the results for the first nine months of 2021.
POSTE UPDATES GUIDANCE
"The success obtained in the implementation of the" 24SI "Plan is the basis of the update of our guidance for 2021. We now expect – added Del Fante – that revenues for the entire year will increase by approximately 100 million euros compared to our original goal. The impressive business results achieved allow us to confirm our 2021 dividend policy, with the payment in November of an interim dividend of € 0.185, which records an annual growth of 14% ”.
2021 NUMBERS OF ITALIAN POSTE
In the first 9 months of 2021, Poste Italiane recorded a group net profit of 1.174 billion, up by 30.7% compared to the same period of 2020, with revenues up 11.7% to 8.445 billion; + 29.8% the ebit to 1.61 billion. Based on these "positives and growth also compared to pre-pandemic levels", the company has revised its 2021 targets upwards and now expects EBIT to be 1.8 billion and net profit at 1.3 billion excluding the revaluation of Sia. The Board of Directors that approved the results also resolved, in line with the dividend policy, the distribution of an interim dividend of € 0.185 per share (+ 14%). In the third quarter, net profit grew by 13.6% to 401 million, + 7.3% revenues to 2,761 billion, + 18.3% the ebit to 566 million
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EXTRACT FROM THE QUARTERLY REPORT OF POSTE ITALIANE IN THE PART ON THE 2021 OBJECTIVES
During the nine months of 2021, the macroeconomic scenario, albeit in continuous improvement, was nevertheless characterized by the health emergency. The evolution of the pandemic together with the advancement of the vaccination campaign and the persistence of the expansionary policies adopted by the States have allowed an economic recovery and growth which, albeit in a heterogeneous way, have affected the various national economies. In Italy, the Budget Law approved by the Council of Ministers on 28 October 2021 aims to support, also for the year 2022, the growth and competitiveness of the country to accompany it towards a season of recovery.
During the period, the Group confirmed its vocation as a system operator, continuing its social commitment in support of the institutions and assuming a leading role in the vaccination campaign; in fact, it has made available its IT infrastructure and its logistics network for the booking and distribution of vaccines with over 20 million vaccines delivered throughout the national territory, as well as having implemented a company vaccination plan for its employees.
The economic and financial results of the first nine months of 2021 are positive and growing even compared to pre-pandemic levels. The expected results of the Group for the entire year 2021 are higher than the targets set and communicated to the financial community as part of the Capital Markets Day in March this year, demonstrating the validity of the strategic guidelines of the "24SI" Plan and their execution, demonstrating the ability to know how to intercept and satisfy the emerging needs of proximity, flexibility, sustainability and safety expressed by customers.
Over the next few months, the Group will continue its objective of accompanying the country in responsible, inclusive and sustainable growth, through a digital transformation path that will leverage significant investments in technology aimed at supporting the dissemination of the digital culture of its employees. and customers, to bridge the country's geographic and generational digital divide. The Group will also continue the evolution of the offer with the entry into the energy market expected in 2022 and with the development of the strategic segments of parcels, e-money and protection. The Group will also support the go to market of the new Motor TPL and ultra-broadband offers, to improve market penetration in the post-launch phase. Furthermore, to support the economic recovery, Poste Italiane will continue to purchase the tax credits linked to the so-called “DL Relaunch.
Poste Italiane aims to support the "restart of the country", making the main omnichannel distribution network in Italy available, also through its involvement in the National Recovery and Resilience Plan (PNRR), facilitating the digital transition in relations with the Public Administration, and promoting the inclusion of small communities. The digital transformation goes hand in hand with the commitment to ecological transformation for sustainable growth throughout the Plan; the environmental strategy provides for important “green” initiatives and investments including, by way of example, the energy efficiency of buildings, the reduction of emissions from the company fleet and photovoltaics. These actions will accompany the Group towards the so-called “carbon neutrality”, expected by the year 2030.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/come-si-chiuderanno-i-conti-2021-di-poste-italiane/ on Thu, 11 Nov 2021 11:42:03 +0000.