Italy · Delayed Price · Currency is EUR Poste Italiane Earnings Call Transcripts
Fiscal Year 2026
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Nine-month revenue rose 5% and adjusted EBITDA 7%, with upgraded standalone FY 2026 guidance reaffirmed. TIM integration targets at least €700m in run-rate synergies and a combined plan in Q1 2027.
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Record H1 2026 results with revenues up 6% and net profit up 4%, driven by growth across all business units and strong commercial momentum. Strategic initiatives include a new postal savings agreement, group simplification, AI adoption, and progress on the TIM transaction.
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Record Q1 2026 results with 8% revenue growth and 14% adjusted EBIT increase, driven by strong performance across all segments. Upgraded full-year EBIT guidance to €3.4 billion and reaffirmed dividend outlook, while progressing with the TIM acquisition and expanding logistics partnerships.
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A voluntary public exchange and cash offer for 100% of TIM aims to create Italy's leading digital infrastructure platform, unlocking €700 million in synergies and accelerating digital transformation. The deal is EPS accretive from 2027, with strong investor support and manageable regulatory risk.
Fiscal Year 2025
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Record 2025 results with revenues of EUR 13.1B and net profit of EUR 2.2B, driven by digital expansion, AI integration, and strong segment performance. 2026 guidance targets further growth, with reinforced dividend policy and continued investment in technology and efficiency.
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Record nine-month results with revenues up 4% YoY to EUR 9.6B, Adjusted EBIT up 10%, and net profit up 11%. Strong growth across all segments, robust solvency, and a 21% higher interim dividend reflect confidence in meeting 2025 guidance.
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Record H1 2025 results with revenues up 5% to EUR 6.5 billion, net profit up 14% to EUR 1.2 billion, and all segments contributing to growth. Upgraded full-year guidance for adjusted EBIT and net profit, with strong balance sheet and market share gains in key areas.
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Record Q1 2025 results with 5% revenue growth, 13% higher EBIT, and 19% net profit increase, driven by strong performance across all segments. Strategic TIM stake acquisition and upgraded dividend policy reinforce long-term value creation.
Fiscal Year 2024
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Record 2024 results with €12.6bn revenue, €2bn net income, and a 35% dividend increase. 2025 guidance targets further growth, with all business units contributing and a structurally higher 70% payout ratio. Robust capital, digital transformation, and cost discipline underpin the upgraded outlook.
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Nine-month 2024 results set new records for revenue, profit, and cash generation, with all business segments contributing to growth. Upgraded guidance for the full year reflects strong commercial momentum, disciplined cost management, and robust capital ratios.
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Revenue and profit grew strongly in H1 2024, with adjusted EBIT up 14% and upgraded full-year guidance to EUR 2.8 billion. All business segments contributed, with record NII, robust parcel and payment growth, and improved insurance profitability.