"We're almost at the end of the first quarter. In qualitative terms, compared with our forecast, the trend of all our businesses are above expectations and the budget we had prepared," CEO Matteo Del Fante told a press conference.

"The plan we are presenting is standalone, there is nothing on the agenda in terms of acquisitions," he added.

(Reporting by Elvira Pollina; Writing by Valentina Za; editing by Cristina Carlevaro)