Poste Italiane Q1: Net Profit of €597 million, up 19% on last year

Today, the Board of Directors of Poste Italiane, chaired by Silvia Maria Rovere, approved First Quarter 2025 Financial Results.Matteo Del Fante, Poste Italiane Chief Executive Officer commented: “In our Strategy Update in February we outlined 2025 targets and confirmed our strong commitment to generate substantial profitability growth and deliver compelling shareholders’ remuneration.We are pleased to report a very strong start to the year across the board, with a record breaking first-quarter revenues and profitability, with double-digit year-on-year EBIT growth. These results are yet another demonstration of the solidity of our business model, disciplined execution and our continued ability to adapt and grow in a dynamic environment.We remain confident in our ability to achieve our 2025 targets and continue delivering strong results going forward. All business units contributed to a solid 5% year-on-year revenue growth, totalling €3.2 billion. This performance was driven by strong Net Interest Income, continued momentum in parcels, strong net inflows in investment products and Postepay Services ecosystem growth.We have posted record first-quarter results in terms of profitability with adjusted EBIT at €796 million, up 13% year-on-year and Net Profit of €597 million, up a remarkable 19% on last year.Mail, Parcel & Distribution revenues were up, supported by parcel revenue growth across customer segments and mail trends in line with guidance.Financial Services delivered strong results, driven by record-level Net Interest Income and solid commercial performance. Insurance Services posted strong profitability in both the Life investment and Pension and Protection segments.Revenues rose 11% in the quarter, reflecting higher CSM release and Risk adjustment release. Postepay Services unique and integrated ecosystem of everyday services continues to deliver growth in both revenues and profitability.Our energy business client base grew to around 800,000 clients, almost doubling from last year. Our rock-solid group balance sheet supports our upgraded dividend policy and is a clear commitment to creating long-term value for our stakeholders and is confirmed with our dividend balance of €0.75 per share, equivalent to a total dividend balance of around €970 million, to be paid to our shareholders at the end of June, bringing the total dividend for the year to €1.4 billion, equivalent to €1.08 per share.We signed an agreement to acquire from Vivendi 15% of TIM’s ordinary shares – a transaction that is expected to close in Q2-25 – bringing our total stake in TIM to 24.8% of the voting capital. With this long-term strategic investment in place we plan to support the consolidation of the Italian telecommunications market. We are advancing on several workstreams to generate synergies between Poste Italiane and TIM.We have signed a Memorandum of Understanding with TIM for a new contract to grant Postepay access to TIM’s mobile network infrastructure starting from January 1, 2026. Finally, I want to extend my extreme gratitude to all our dedicated employees whose hard work, commitment and professionalism are key to the strong results we continue to achieve.”Weiter zum vollständigen Artikel bei Post&Parcel Weiter zum vollständigen Artikel bei Post&Parcel