MILAN, Aug 4 (Reuters) - Poste Italiane is
confident it will be able to meet its 2021 goals, the Italian
postal services firm said on Wednesday, after beating
expectations with a 32% rise in second-quarter operating profit
boosted by its insurance division.
CEO Matteo Del Fante said the recent signing of a new labour
contract, which increases visibility on costs related to the
group's 125,000 employees, and the renewal of a three-year
partnership with Amazon significantly reduce the execution risk
attached to the group's strategic plan to 2024.
"We already have a clear visibility to meet 2021 guidance
and have confidence in our numbers," Del Fante said in a
The state-controlled conglomerate has forecast 2021 earnings
before interest and taxes (EBIT) of 1.7 billion euros ($831
million) on revenue of 11.2 billion euros.
Asked about a possible upwards revision of the group's 2021
guidance, Del Fante told analysts in a conference call the group
could decide to upgrade its targets in November, when publishing
Poste Italiane reported EBIT of 429 million euros for the
April-June period, above the 355 million forecast by analysts.
The group -- which includes insurance, financial and digital
payment divisions beside its traditional mail and parcel
business, reported revenue of 2.8 billion euros, up 18.7% from a
($1 = 0.8423 euros)
(Reporting by Elisa Anzolin; editing by Jason Neely and