|
The Board of Directors of Poste Italiane, chaired by Silvia Maria Rovere, approved First Quarter 2026 Financial Results and Matteo Del Fante, Poste Italiane Chief Executive Officer commented: “We delivered a very strong start to the year, achieving record Q1‑26 revenues of €3.5 billion, up a healthy 8% year on year. This performance confirms the strength of our platform model and the consistency of our long‑term strategy. It is our fourth consecutive record first quarter, supported by robust contributions from all business units, with €1.7 billion investment product net inflows reflecting strong performance of life insurance, coupled with improving commercial trends in postal savings and stable retail deposits. Our leadership in digital payments is confirmed, with above-market growth underscoring the strength of our platform”.
About TIM acquisition, Del Fante said: “We have further strengthened our conviction in the strategic rationale of the TIM acquisition and its natural fit within our platform business model. With our solid balance sheet and strong cash generation, we are uniquely positioned to support digital investments and accelerate strategic initiatives that will deliver growth. The merger of Poste Telco and TIM consumer businesses will create the number one mobile operator in Italy, kick-starting the next leg of domestic telco consolidation”.
|