Poste Italiane net profit exceeds €1 bln in first half of 2024; CEO: successful business model
July 30 2024 - 5:17PM
Poste Italiane recorded revenues of €6.2 billion in the first half
of 2024, with an underlying growth of 7.3% year-on-year (€3.1
billion in the second quarter of 2024, with an underlying growth of
8.7% year-on-year), driven by a solid performance in mail and
parcels, net interest income (NII), and payments. The net profit
for the first half of 2024 is over €1 billion, with an underlying
growth of 14.3% year-on-year (€525 million in the second quarter of
2024, with an underlying growth of 12.9% year-on-year). The company
reported this in a note on the financial results for the second
quarter and the first half of 2024. The adjusted operating result
(EBIT) for the first half of 2024 is €1.5 billion, with an
underlying growth of 14.2% year-on-year (€782 million in the second
quarter of 2024, with an underlying growth of 14.2% year-on-year).
"Our antifragile and phygital business model, designed for
sustainability, has once again proven successful with these
extraordinary results. Since the beginning of the year, performance
has remained solid across all sectors, with a further acceleration
of positive trends in the second quarter of 2024. As always, we
remain focused on maintaining discipline in executing the
Connecting Platform strategic plan," emphasized Matteo Del Fante,
CEO of Poste Italiane. "The solid results of the first half,
together with greater visibility on the evolution of the cost base,
support the upward revision of the adjusted operating result (EBIT)
guidance for the entire year 2024 to €2.8 billion," added the
CEO.
In July, Poste Italiane signed "a new collective labour
agreement that supports the transformation of logistics and
distribution and provides greater visibility on the evolution of
costs over the plan period." The renewal covers the four-year
period from 2024 to 2027 and, as Del Fante explained, represents a
milestone, as it is crucial for the implementation of both the
transformation of our logistics business and the new commercial
service model for financial services in Post Offices, providing
full visibility on the evolution of our cost base over the plan
period.
For more information:Press Office LaPresse -
ufficio.stampa@lapresse.it
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/af039414-5575-47f8-ba3f-96b73482a2ee