Poste Italiane revenues and profits up strongly

Poste Italiane reported record high net profits of €1.6bn, up 31% from financial year 2020. This was on revenues of €11.2bn, which were up 6.6% year on year.

The Mail and Parcel segment saw 15.1% growth to €3.7bn thanks in part due to mail revenues recovering from the pandemic era and parcel volumes breaking records at the postal operator.

Matteo Del Fante, Poste Italiane Chief Executive Officer and General Manager commented: “We are rolling out an anti-fragile strategy to successfully adapt to challenging times, overperforming our 2021 targets in terms of revenues, EBIT and net profit. Poste Italiane reported solid results increasing both versus 2020 and 2019. Furthermore, looking at the last 5 years, we have constantly overachieved strategic plan targets, with 2021 net profit almost doubled versus 2017.

The industrial transformation started with the “Deliver 2022” plan and continued with “24SI” has now shifted the company to the next level, building on the Group’s integrated omnichannel distribution platform.

Building on our parcel results, we are now diversifying our business to become a fully-fledged logistics operator, also through inorganic options such as the acquisition of Plurima, focused on the new fast growing hospital logistics niche market.

Our digitally enabled new channels and B2B2C networks support solid new revenues’ growth. We have reached a significant 20 million average daily interactions, mainly coming from our new channels, including the PuntoPoste network, highlighting the great value generation potential embedded in our customer-base going forward.”

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