Italy's Poste rises after 2026 outlook upgrade

Telecom Italia SpA

07/05/2026 09:50

** Shares in Italy's Poste PST.MI rise over 3% after the financial conglomerate raised its 2026 outlook and beat Q1 expectations

** Poste now sees its 2026 adjusted EBIT at 3.4 billion euros ($4.00 billion), above the 3.3 billion euros previously communicated

** The revenues of its financial services and mail and parcel divisions, rising respectively 11% and 6%, were the main positive surprises, Equita says

** Q1 adjusted EBIT came 5% ahead of estimates, Equita adds

** Poste's 10.8 billion euros bid for Telecom Italia TLIT.MI is progressing in line with expectations, with closing expected by Q3, Intermonte notes

** The group will present a new standalone plan on July 24

** Including today's rise Poste has gained 8.8% YTD​

($1 = 0.8499 euros)

 (Reporting by Philippe Leroy Beaulieu in Gdansk)

 ((Philippe.leroybeaulieu@tr.com))