Poste Italiane Spa (PITAF) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.058 Good morning, everyone, and welcome to Poste Italiana's first quarter 2026 results conference 00:00:05.058 -- 00:00:10.225 call. In a few moments, the CEO, Matteo Versante, will take you through 00:00:10.225 -- 00:00:14.611 some opening remarks as well as a short update on the team offer. 00:00:14.611 -- 00:00:18.337 Then our CFO, Camillo Greco, will cover the financials. 00:00:18.337 -- 00:00:22.643 As usual, the presentation will be followed by a Q&A session where you can ask questions 00:00:22.643 -- 00:00:25.816 either via phone or through our webcast platform. 00:00:25.816 -- 00:00:30.242 For any topics we won't be able to cover today, please do contact the Investor Relations 00:00:30.242 -- 00:00:36.247 team, who will be happy to follow up. With that, over to you, Matteo. 00:00:37.051 -- 00:00:39.014 Good morning, everyone. 00:00:39.014 -- 00:00:44.100 Our Q1 2026 results highlight a very strong 00:00:44.100 -- 00:00:48.366 start of the year and confirm the strength of our platform model. 00:00:48.366 -- 00:00:53.513 We delivered a record first quarter with revenues of $3.5 billion and a healthy 00:00:53.513 -- 00:00:57.727 portfolio. 8% year-on-year growth supported by all business units. 00:00:57.727 -- 00:01:02.954 On profitability, we achieved a record adjusted EBIT of 9.5 million, 00:01:02.954 -- 00:01:05.898 up 14% year-on-year, 00:01:05.898 -- 00:01:11.004 reflecting continued cost discipline in the current inflationary environment. 00:01:11.004 -- 00:01:14.990 Net profit reached 617, up 3% 00:01:14.990 -- 00:01:16.990 year-on-year. 00:01:17.555 -- 00:01:22.783 Commercial trends remained solid with 1.7 billion investment inflows coupled 00:01:22.783 -- 00:01:28.592 with strong momentum in postal savings and stable reta...