Poste Italiane Posts 2008 Results
24 March 2009 - Franz Groter
The Poste Italiane Group, led by Massimo Sarmi, announced a positive operating performance for the seventh consecutive FY, recording Net Profit of € 882.6 million, up 4.6% (€ 843.6 million in 2007), and Operating Profit of € 1.5 billion (1.78 in 2007).
Total Revenue of € 17.9 billion, up 3.9%: in particular, results for the FY showed financial and insurance services holding up well (+ 2% and +7.7% respectively), with a small drop of 0.8% in correspondence.
Industrial investment registered a significant further rise of 17.1%, growing from the already-high 2007 figure of 608 million to 712 million, covering both technological innovation and reorganisation of the delivery sector as well as making it possible to create the new Technological Hub and more generally to forge ahead with the modernisation of systems and processes, thus improving overall quality. The quota
of investments made by the Parent Company (which rose by 15.8% to 636 million, compared to 549 million in 2007) and earmarked for Information & Communication Technology (ICT) remains at close to 50%.
“Once again in 2008 our profits are on the rise and we have consolidated the excellent results achieved over the last few years – declared Managing Director Massimo Sarmi. These results bear out the validity of our strategic choices, aimed at guaranteeing continually-improving quality levels; they encourage us to continue to focus on innovation in terms of both services and products, so as to enable us to offer our clients cutting-edge solutions that are increasingly able to predict and to satisfy the ever-changing needs of the public”.
In 2008, for the second consecutive year, Poste Italiane’s financial results and its ability to innovate allowed the company to move up the Fortune ratings that list the “World’s Most Admired Companies”. The higher score achieved in the 2009 ratings saw Poste moving up among the world’s finest postal operators, ahead of giants such as France’s La Poste and Britain’s Royal Mail and just behind Deutsche Post and Japan Post, gaining an enviable third position among the Italian companies featured on the list.
Source: Poste Italiane
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