Trade POSTE ITALIANE - PSTit CFD

POSTE ITALIANE Company profile

About Poste Italiane SpA

Poste Italiane SpA is an Italy based company active in the areas of post and logistics as well as in financial and insurance services. The Company through its subsidiaries operates four segments: Mail, Parcels and Distribution; Payments, Mobile and Digital; Financial Services; and Insurance Services. The Mail, Parcels and Distribution segment includes letter post, express delivery, logistics, parcels and philately, among others. The Payments, Mobile and Digital segment includes payment services and mobile telecommunications services. Financial Services includes the collection of all forms of savings deposits, the provision of payment services, foreign currency exchange, the promotion and arrangement of loans issued by authorized financial institutions and the provision of investment services, among others. Insurance Services operates in ministerial life assurance Classes I, III and V and non-life insurance, among others. The Company is active locally.

Financial summary

BRIEF: For the six months ended 30 September 2021, Poste Italiane SpA revenues increased 19% to EUR15.75B. Net income increased 29% to EUR847M. Revenues reflect Correspondence, Parcels and Distribution segment increase of 14% to EUR1.77B, Insurance Services segment increase of 12% to EUR901M. Net income benefited from Personnel expenses decrease of 2% to EUR2.6B (expense), Finance income increase of 24% to EUR68M (income).