Poste Italiane S.p.A (OTCPK:PITAF) Q1 2025 Earnings Conference Call May 8, 2025 9:00 AM ET
Company Participants
Matteo Del Fante – Chief Executive Officer
Camillo Greco – Chief Financial Officer
Giuseppe Esposito – Head of Investor Relations
Conference Call Participants
Farooq Hanif – J.P. Morgan
Gianluca Ferrari – Mediobanca
Giovanni Razzoli – Deutsche Bank
Iain Pearce – BNP Paribas
Tommaso Nieddu – Kepler Cheuvreux
Andrea Lisi – Equita
Manuela Meroni – Banca Imi
Daniel Wilson – Morgan Stanley
Michael Huttner – Berenberg
Operator
Good afternoon, and welcome to Poste Italiane’s First Quarter 2025 Results Conference Call. In a few moments, the CEO, Matteo Del Fante will take you through some opening remarks, and then, the CFO, Camillo Greco will cover the financials.
As usual, after the presentation, we will have a Q&A session, where you can ask questions either via phone or through our webcast platform. For any topics we won’t be able to cover today, please contact the Investor Relations team. We’ll provide any clarifications you may require.
So, with that, over to you, Matteo.
Matteo Del Fante
Good afternoon, everyone, and thank you for joining us today for our Q1 2025 results call. We’re pleased to report a very strong start of the year, with record first quarter revenues and double-digit year-on-year EBIT growth. These results are yet another demonstration of the solidity of our business model, disciplined execution, and our continued ability to adapt and grow in a dynamic environment.
All business units contributed to a solid 5% year-on-year revenue growth totaling €3.2 billion. This performance was driven by strong net interest income, continued momentum in parcel, strong net inflows in investment products and postpaid services ecosystem growth. On the profitability front, adjusted EBIT came in at €796 million, up 13% year-on-year, with a net profit of €597 million, a remarkable 19% increase compared to the same period last year. Ongoing expense
