Q1 2025 Earnings | Friday, May 9

Poste Italiane S.p.A.

Poste Italiane Q1 2025 Earnings Call Summary

Financial Highlights

  • Record Revenues: €3.2 billion, up 5% year-on-year.
  • Adjusted EBIT: €796 million, a 13% increase year-on-year.
  • Net Profit: €597 million, a remarkable 19% increase compared to the same period last year.
  • Dividend Policy: Total dividend for the year projected at €1.4 billion, equivalent to €1.08 per share.

Business Segment Performance

  • Mail, Parcel & Distribution:
    • Revenue growth driven by increasing parcel volume.
    • Parcel revenues up 7% to €393 million.
    • Adjusted EBIT of €25 million for the quarter.
  • Financial Services:
    • Revenues increased by 6% year-on-year to €1.4 billion.
    • Record net interest income of €666 million, up 13%.
  • Insurance Services:
    • Revenues rose 11% to €442 million, with strong profitability in both Life and Protection segments.
  • Postepay:
    • Revenues up 5% year-on-year to €398 million.
    • Payment revenues resilient at €284 million.

Strategic Updates

  • Acquired 15% of TIM ordinary shares, expected to close in Q2 2025, with plans for synergy generation.
  • Focus on disciplined execution and sustainable profitability growth.

Future Outlook

  • Management confirms strong revenue and EBIT guidance for 2025.
  • Continued focus on maintaining a robust balance sheet and operational efficiency.

 

 

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