Poste Italiane reports €33.1bn revenue for 2016

Poste Italiane has reported a revenue of €33.1bn for 2016, which was up 7.7% on 2015, and an 18% jump in operating profit to €1,041m. Net profit was up 12.7% to €622m.

Francesco Caio, Chief Executive Officer and General Manager, commented: “The Group’s results saw contributions from all business areas which have effectively pursued the priorities of investment and development laid out in the Business Plan: postal services launched a new delivery model, while Poste gained market share in the parcels segment with volume growth of over 12%.”

Caio continued: “Since the Five-Year Business Plan was presented in 2014, the company has grown its revenues by nearly 50%, operating profit by 50% and net profit has almost tripled.

“These results demonstrate the validity of the company’s strategic decisions and its capacity, through the actions of the management team and the efforts of all its people, to turn them into business and financial results; as well as continual dialogue and relations with the institutions, the regulators and the local territories in which it is deeply rooted.

“As announced with the presentation of the 2020 Poste Business Plan, Poste Italiane has in recent years embarked on a development path that combines two directions of travel: on the one hand growth, innovation and customer focus – subscribed by Italian and foreign investors at the stock exchange listing; on the other, confirmation of the social mission which has always marked the company’s character, preserving and strengthening Poste’s widespread local presence guaranteeing proximity and inclusion to communities and citizens across the whole country.

“These latest results represent a very robust basis on which to proceed with implementation of the 2020 Plan”.