Results improve at Poste Italiane

Poste Italiane, the company which runs the Italian post office, closed 2001 with net losses of 74m euros, 318m euros less than in 2000.

The gross operating margin amounted to about 675m euros and Ebit is positive by 198m euros. In 2000 Ebit was in the red by 52m euros.

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Italian post office Poste Italiane closed 2001 with losses of 74m euros, 318m euros less compared with 2000 (-81 per cent). The gross operating margin amounted to 675m euros (+111 per cent) and Ebit to 198m euros.

Consolidated revenue increased by 6.8 per cent to 7,586m euros. Chairman Enzo Cardi says that his group will break even in 2002.