(ANSA) - ROME, JULY 31 - "We are witnessing a steadier recovery in revenues, we have managed to maintain a solid balance sheet and, as expected, we have paid the dividend for 2019", underlines the CEO. of Poste Italiane, Matteo Del Fante, presenting the results for the first half of 2020 closed, "despite the Covid challenge", the company underlines, with a small share of 546 million, down 28.5% compared to the same period in 2019. In the second quarter net profit was down 26.2% to 239 million. The company highlights the "group performance recovering from June".
Revenues "affected by the lockdown" in the first half of the year show a decrease of 7.9% to 5.1 billion; in the second quarter-13.1% to 2.3 billion.
"We keep our dividend strategy unchanged in the update" of the Deliver 2022 business plan "expected in the fourth quarter," says Del Fante. "We are evaluating and implementing important cost reduction initiatives with the aim of preserving long-term profitability, with the second quarter already benefiting from some of these actions," he explains. And he underlines: "The long-term strategic trends, at the center of our Deliver 2022 plan, have been confirmed. Thanks to the transformation plan, we are able to seize new market opportunities".
(HANDLE).
Poste: 'solid balance sheet preserved', half-year profit -28.5%
2020-07-31T06:10:21.992Z
"We are witnessing an increasingly consistent recovery in revenues, we have managed to maintain a solid balance sheet and, as expected, we paid the 2019 dividend", underlines the CEO. (HANDLE)