Overview

• Poste Italiane reported first-half revenues of €6.5 billion, a 5% rise, and net profit of €1.2 billion, up 14% year-on-year.
• The board revised its full-year targets higher, lifting operating profit guidance to €3.2 billion and net profit to €2.2 billion.
• Financial services led growth with a 28.6% profit increase, while traditional mail and parcel operations continued to underperform.
• The stock jumped more than 2% on the results release, extending a 33% year-to-date gain and confirming the dividend policy.
• Poste Italiane generated €267 million from its Anima stake sale and unveiled plans for phased Telecom Italia collaborations on network and service synergies.