Poste Italiane reveal 2008 results
The Poste Italiane Group announced a positive operating performance for the seventh consecutive financial year, recording a net profit of €882.6m (up 4.6%) and operating profit of €1.5bn.
The Poste Italiane Group announced a positive operating performance for the seventh consecutive financial year, recording a net profit of €882.6m (up 4.6%) and operating profit of €1.5bn.
Total Revenue of €17.9bn (up 3.9%) showed financial and insurance services are holding up well (+ 2% and +7.7% respectively), despite the global recession, with only a small drop of 0.8% registered in correspondence.
Industrial investment registered a significant further rise of 17.1%, growing to €712m from €608m.
“Once again in 2008 our profits are on the rise and we have consolidated the excellent results achieved over the last few years,” declared managing director Massimo Sarmi. “These results bear out the validity of our strategic choices, aimed at guaranteeing continually improving quality levels; they encourage us to continue to focus on innovation in terms of both services and products, to enable us to offer our clients cutting-edge solutions that are increasingly able to predict and to satisfy the ever-changing needs of the public.”
