ItalyPoste Italiane reported a first-half profit of 1.2 billion euros, driven by revenue growth across multiple sectors. Revenue reached 6.8 billion euros overall, with significant increases in postal services, investment products, financial services, insurance, and Postepay. The company noted a 6.4% year-on-year increase in postal service revenues, reaching 2 billion euros, while investment product revenues rose to 2.7 billion euros. Financial services generated 3 billion euros, up 4.4%, and insurance revenue increased by 8.6% to 983 million euros. Postepay saw a 7.3% rise in revenue to 860 million euros. Total group costs amounted to 5.5 billion euros, up 4.1%, with personnel costs at 2.9 billion euros, rising 0.9%. CEO Matteo Del Fante emphasized ongoing transformation efforts and highlighted plans to integrate Telecom Italia (TIM), which he described as a strategic complement to strengthen Poste’s digital infrastructure. He mentioned the acquisition period for TIM would run through September, with potential extensions, and outlined expectations for presenting a new integrated industrial plan by early 2027.
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