Home » Poste, 2023 revenues at 12 billion and net profit at 1.9 billion

Poste, 2023 revenues at 12 billion and net profit at 1.9 billion

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Poste, 2023 revenues at 12 billion and net profit at 1.9 billion

The group Italian post reported 2023 revenue up 5.4% to $12 billion, with solid contributions from payments and financial services. The operating result (ebit) was a record for the year 2023, equal to 2.62 billion (+9.4%), more than doubled compared to the 2017 level and in line with the 2023 guidance of 2.6 billion. Net profit grew by 22.1% to 1.9 billion. The Mail, Parcels and Distribution business, with revenues of €3.7 billion in 2023, grew by 2.6% on an annual basis and reached break even, ahead of guidance.

Il energy business recorded over 500 thousand members, ahead of the guidance expected for 2023. Financial investment activities were growing and amounted to 581 billion, with net retail collections of 1.2 billion. For 2023, a dividend of 0.80 euros per share is proposed, for a total amount of dividends for 2023 equal to one billion, an increase of 23% compared to the 2022 financial year.”

“I am certain that we will continue to grow and create value for all our stakeholders and we will present our new 2024-2028 plan on 20 March, inaugurating the next phase of Poste Italiane’s growth story”. She said it Matteo Del Fante, CEO of Poste Italiane, commenting on the 2023 data and prospects. ‘Poste Italiane – he continued – recorded, in the whole of 2023, an increase in revenues, which rose to almost 12 billion euros, more than 5% on an annual basis, together with a record operating result of 2.62 billion, which effectively doubles the 2017 EBIT. Our diversified, resilient and sustainable business model and continuous cost rationalization are concrete proof of our unique and winning strategy.

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In the Mail, Parcels and Distribution division we have achieved sector break-even for financial year 2023, ahead of forecast,” he said. Del Fante then added that he was “very proud of the commitment and enthusiasm of our colleagues, and together we have built solid foundations. We are Italy’s leading customer-focused ‘platform company’, serving the needs of Italians both physically, through our widespread network of post offices and PuntoPoste contact points, and virtually, through our extensive digital presence. Poste Italiane is ready to embrace the future, leveraging the strengths of its results and the resilience of its business, with the support of our strategic vision which has proven to be well thought out.”

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