Tag: Poste Italiane

Italian state-owned postal services company Poste Italiane SpA registered a consolidated net profit of 236 mln euro (USD310.8 mln) for 2004, compared to 90.3 mln euro (USD118.9 mln) for 2003. Poste Italiane’s net profit stood at 21.6 mln euro (USD28.4 mln) in 2002. The company’s earning before interest, tax, depreciation and amortisation (EBITDA) rose by 56.7 pct to1. 8 bln euro (USD2.37 bln). Operating profit dropped by 82 pct to 796.4 mln euro (USD1.048 bln). Turnover amounted to over 9.0 bln euro (USD11.851 bln).

Italian state-owned postal services company Poste Italiane has raised the prices of the special deliveries by 9. 0 pct, it was reported on January 13, 2004. The rise was due to the higher costs of the company and the improved quality of the services. The price of the special delivery of a letter in one day increased to 8.5 euro (USD11.3) from 8.0 euro (USD10.6). The special delivery of a parcel in one day went up to 13 euro (USD17.2) from 12 euro (USD15.9), while the price of a parcel consigned in three days rose to 8.0 euro from 7.0 euro (USD9.3). Recently Poste Italiane has raised the prices of the ordinary parcels to 7.0 euro from 5.16 euro (USD6.8).

According to Massimo Sarmi, managing director of Poste Italiane, the Italian national postal services group is ahead of its two main European competitors, the Dutch and German post offices, in terms of operating profit this year. Mr Sarmi also said that the group’s operating profit for the full-year 2004 would be positive, based on its results to the end of September. While Mr Sarmi said that the group was ready for a stock market listing, he added that it was up to the government to decide if and when the operation would take place.