Poste Italiane presents new strategic plan

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Poste Italiane has presented a new strategic plan “2024 Sustain & Innovate”, which continues along the path of sustainable and profitable growth. A strong commitment to value creation is confirmed with the aim of achieving a net profit of €1.6bn in 2024 (up 33% compared to 2020). The Mail & Parcel transformation is in full swing and will be the first time that parcels will have a higher impact on revenue than mail. The pandemic in 2020 had a huge impact on the growth of e-commerce and thus an increase in parcel volumes, this trend looks set to continue for some time.

Some key features of the strategy:

  • By 2025, more than 50% of revenues in the Mail and Parcel sector will be generated by the parcel business, compared to 20% in 2017.
  • Poste Italiane is playing a fundamental role in the vaccination plan with approximately 2m vaccine doses already delivered, in support of the Italian Army
  • Poste Italiane will become a net zero emission company by 2030

Matteo Del Fante, CEO and General Manager of Poste Italiane, said, “With our 2024 Sustain & Innovate Plan, we are able to build and grow on the solid foundations laid by the Deliver22 Plan, with achievable goals in all four of our business divisions. Revenues will grow steadily throughout the plan, with operating income and net profit increasing by 5% and 6% respectively (CAGR), generating incremental EBIT growth between 2019 and 2024 equal to €0.4bn.”

Source: Poste Italiane

 

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