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May 13, 2021 | Parcel, Post |
Poste Italiane has announced its first quarter of 2021 results, revealing a solid financial performance and record parcels growth.
Financial highlights
REVENUES FOR THE FIRST QUARTER OF 2021 EQUAL TO € 2.9 BILLION, + 9.8% Y / Y.
REVENUES FROM CORRESPONDENCE, PARCELS AND DISTRIBUTION OF € 917 MILLION, + 18.9% Y / Y, WITH RECORD GROWTH IN B2C PARCEL VOLUMES;
REVENUES FROM FINANCIAL SERVICES EQUAL TO € 1.3 BILLION, -3.8% Y / Y: DAILY GROSS DEPOSITS IN INVESTMENT PRODUCTS INCREASING AND HIGHER THAN PRE-PANDEMIC LEVELS;
REVENUES FROM INSURANCE SERVICES OF € 496 MILLION, + 40% Y / Y: TOTAL GROSS PREMIUMS OF € 5.7 BILLION, HALF GENERATED BY MULTIPLE PRODUCTS;
REVENUES FROM PAYMENTS AND MOBILE EQUAL TO € 192 MILLION, + 16.5% Y / Y: DOUBLE DIGIT GROWTH SUPPORTED BY PAYMENTS BY CARD
Poste Italiane has reported its fourth quarter results, with a robust net profit of €1.2 billion.
Highlights
Q4-20 revenues up 1.4% to €3.0 billion
Q 4-20 strong operating profit, up 19.6%, reaching €280 million, with positive contributions from all segments
Over 210 million parcel volumes, more than doubling since 2016
Q 4-20 continued parcel revenue growth for the first time more than offsetting mail decline
postal savings lowest outflows since 2012
Q4-20 payments and mobile revenues up 15.2% y/y
one-third of total transactions now on digital channels and third-party network
Q4-20 revenues at €3.0bn, +1.4% y/y (-4.0% fy/fy to €10.5bn in fy-20) posting tangible recovery signs: