Italian Post Office closed the first nine months of the year with Record earnings and a strong increase in profits, which leaves a considerable allowance for the exchequer. Interim profit.
Growth is driven by parcels.
Progress – he explained. CEO Matteo Del Font, This was driven by all divisions, but particularly the parcels sector which recorded +24%.
“Seven years ago – he recalled – we decided to do this company. Enter the parcel market. With these figures we are there in 2024″, highlighted the state-owned company’s number one, besides Deep change of a logistics network that included a network of approx. 27,000 postmen.
9 month results
The group’s overall results for the first 9 months of the year are outstanding. 9.2 billion in record revenue of Euro, which record a crescita basic dell’8% on an annual basis.
Income of CorrespondenceParcels and distributions were 2.8 billion in the first nine months of 2024, an increase of 1.5% year-on-year. Gross income of Financial services 4.7 billion in the first nine months of 2024, an increase of 4.4% on a year-on-year basis. Income ofInsurance services 1.2 billion mark +7.3% on an annualized basis, while from revenue Pay the post 1.2 billion equivalent, +10.4 percent
Il Adjusted operating result (EBIT). stands at 2.3 billion with aWith an underlying growth of 17.8%, While Net profit It goes up to 1.6 billion with one. crescita basic deal 19,5%.
Fixed capital positionWith Banposta’s total capital ratio equal to 24.3% (of which the Cet1 ratio equals 20.8%), the leverage ratio equals 3.3% and the Solvency II ratio of Poste Vita Insurance Group stands at 322%, which That is far above management ambitions. Around 200% over the plan period.
Third quarter
The third quarter of the year is coming to an end. Gross income Equivalent to 3.1 billion euros, with growth of 9.6% on an annual basis: income from mail, parcels and distribution (+5.8%), income from financial services (+13.5%) services insurance (+7.8%) income from postpay ( +6%).
EBIT In the quarter it stood at 789 million euros with a growth of 46.4 percent on a year-on-year basis, while Net profit 569 million, it recorded a growth of 48.9% on a year-on-year basis.
Interim profits
Poste Italiane has also announced that it will pay. An interim dividend of 33 cents per share, equal to 427 million euros2 billion in full-year 2024 net profit guidance and a new dividend policy based on payouts, up 39 percent from last year. About a third of this amount will go to the Treasury, which accounts for 35 percent of the post.
