Poste Italiane reports overall revenue increase, but mail business down

Poste Italiane has reported total consolidated revenues of € 26.3bn for the first nine months of 2017, which was 2% up on last year, but revenues were down for the post and business services division.

In a statement issued yesterday (9 November) Poste Italiane said that post and business services revenues were €6.1bn, which was 2.4% down on last year.

According to Poste Italiane: “The fall in market revenues from mail volumes (-5.8% compared with the first nine months of 2016), is linked to the expected drop in the volume of postal products (-10.3%), though smaller than the 2016 trend compared with the same period of 2015 (-10.4%).”