MILAN (Reuters) – Revenues at Poste Italiane rose 8.1% to 3 billion euros ($3.32 billion) in the first quarter of the year, lifted by positive trends in all its businesses, the company said on Thursday.
The state-controlled Italian postal service company, which said it was well on track to meet its forecasts for the current year, also posted a rise in net profit to 540 million euros in the January-to-March period.
“First quarter results are very strong, significantly increasing visibility on 2023 guidance with a solid financial performance and profitable contributions from all businesses, while confirming cost discipline,” Chief Executive Matteo Del Fante said.
($1 = 0.9025 euros)
(Reporting by Federico Maccioni, editing by Gavin Jones)
