Q3 2020 Poste Italiane SpA Earnings Call Transcript

Feb 14, 2024

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Nov 12, 2020 / 01:30PM GMT
Operator

Good afternoon, ladies and gentlemen. Welcome to Poste Italiane's Third Quarter 2020 Results presented by CEO, Matteo Del Fante; and our Group CFO, Guido Nola. (Operator Instructions) And now let me pass it over to Matteo.

Matteo Del Fante - Poste Italiane SpA - CEO, GM & Director

Good afternoon, and thank you for joining us. This is Matteo Del Fante. First of all, please allow me to say, I hope you and your families are well and safe. I will take you through the highlights of the quarter, before handing over to our CFO, Guido Nola, for a more detailed business review. I will then provide some closing remarks before we open the call for questions.

Let me start on Slide #3 with a quick overview of quarterly results. The third quarter saw tangible signs of recovery across all segments with performances that are comparable to those recorded the same quarter last year. Mail, Parcel and Distribution operating profit improved this quarter, with Parcel and Distribution revenue growth offsetting Mail decline. In Financial and Insurance Services, product

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