Poste Italiane reports “robust” financial results for H1 2023

Poste Italiane reports “robust” financial results for H1 2023

Italy’s Poste Italiane has announced its financial results for the first half of 2023, which included a ‘robust’ net profit of €601 million for the second quarter that was up 22% year-on-year (y-o-y).

The operating profit for the second quarter was up 9.9% y-o-y at €799 million and revenue grew by 8.5% to €3.0 billion.

The company said this was a “solid financial performance” which “exceeded guidance”.

Poste Italiane’s Chief Executive Officer and General Manager Matteo Del Fante commented: “We are pleased to announce another set of robust results. Once again, we have delivered a solid quarter and ended the first half of the year on a highly positive note, with substantial growth in revenues and profitability compared to the corresponding period in 2022. Group EBIT is up 11% to €1.6 billion and has reached again a record level for the first half of the year, demonstrating our continued success and strong performance in all our businesses.”


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