Financials Poste Italiane S.p.A.

Equities

Real-time Borsa Italiana Other stock markets 07:37:01 2025-01-24 am EST			5-day change	1st Jan Change
14.30 ^EUR	-0.66%		-0.90%	+4.99%

Jan. 17	Poste toward EUR19 billion; market looks at divestment	AN
Jan. 03	Life insurance rescue fund kicks off, starts with EUR300 million	AN

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	11,038	10,526	11,220	11,889	12,128	12,409	12,654	12,927
Change	-	-4.64%	6.59%	5.96%	2.01%	2.31%	1.98%	2.16%
EBITDA ¹	2,548	2,224	2,636	3,121	3,431	3,692	3,764	3,896
Change	-	-12.72%	18.53%	18.4%	9.93%	7.62%	1.93%	3.51%
EBIT ¹	1,774	1,524	1,846	2,291	2,620	2,816	2,899	3,004
Change	-	-14.09%	21.13%	24.11%	14.36%	7.47%	2.95%	3.61%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	1,872	1,576	2,168	2,328	2,727	2,893	2,951	3,057
Change	-	-15.81%	37.56%	7.38%	17.14%	6.09%	2.01%	3.6%
Net income ¹	1,342	1,207	1,578	1,506	1,922	2,035	2,084	2,149
Change	-	-10.06%	30.74%	-4.56%	27.62%	5.9%	2.37%	3.15%
Announcement Date	3/6/20	2/17/21	3/23/22	3/30/23	2/29/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	2,949	2,755	2,328	2,589	2,964	2,933	2,751	2,761	2,775	2,973	2,892	2,880	3,144	3,044	3,007	2,827	3,250	3,045	3,119	3,062	3,223
Change	-	-6.58%	-15.5%	11.21%	14.48%	-1.05%	-6.21%	0.36%	0.51%	7.14%	-2.72%	-0.41%	9.17%	-3.18%	-1.22%	-5.99%	14.96%	-6.31%	2.43%	-1.83%	5.27%
EBITDA ¹	-	-	-	-	-	-	-	-	424	-	-	-	453	-	1,027	739	709	907	958	1,005	888.7
Change	-	-	-	-	-	-	-	-	-	-100%	-	-	-	-100%	-	-28.04%	-4.06%	27.93%	5.62%	4.91%	-11.58%
EBIT ¹	234	441	325	479	280	620	429	566	230	694	698	662	237	767	799	539	515	706	745	789	631.4
Change	-	88.46%	-26.3%	47.38%	-41.54%	121.43%	-30.81%	31.93%	-59.36%	201.74%	0.58%	-5.16%	-64.2%	223.63%	4.17%	-32.54%	-4.45%	37.09%	5.52%	5.91%	-19.97%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-7	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	309	447	326	498	305	640	448	586	494	713	683	670	263	777	854	550	546	-	781	-	-
Change	-	44.66%	-27.07%	52.76%	-38.76%	109.84%	-30%	30.8%	-15.7%	44.33%	-4.21%	-1.9%	-60.75%	195.44%	9.91%	-35.6%	-0.73%	-100%	-	-100%	-
Net income ¹	259	306	239	353	309	447	325	401	406	495	467	461	84	540	597	379	406	501	525	569	477.5
Change	-	18.15%	-21.9%	47.7%	-12.46%	44.66%	-27.29%	23.38%	1.25%	21.92%	-5.66%	-1.28%	-81.78%	542.86%	10.56%	-36.52%	7.12%	23.4%	4.79%	8.38%	-16.08%
Announcement Date	3/6/20	5/13/20	7/31/20	11/12/20	2/17/21	5/12/21	8/4/21	11/11/21	3/23/22	5/12/22	7/28/22	11/10/22	3/30/23	5/4/23	7/25/23	11/7/23	2/29/24	5/15/24	7/30/24	11/6/24	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 S1	2021 S1	2022 S1	2023 S1	2024 S1
Net sales ¹	5,083	5,684	5,865	6,050	6,164
Change	-	11.82%	3.18%	3.15%	1.88%
EBITDA	-	-	-	-	-
Change	-	-	-	-	-
EBIT ¹	766	1,049	1,392	1,566	1,451
Change	-	36.95%	32.7%	12.5%	-7.34%
Charge d'intérêts	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-
Change	-	-	-	-	-
Net income	546	772	962	1,137	-
Change	-	41.39%	24.61%	18.19%	-100%
Announcement Date	7/31/20	8/4/21	7/28/22	7/25/23	7/30/24

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	77,367	93,714	96,774	98,662	91,182	80,632	77,504	74,661
Change	-	21.13%	3.27%	1.95%	-7.58%	-11.57%	-3.88%	-3.67%
Announcement Date	3/6/20	2/17/21	3/23/22	3/30/23	2/29/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	733	680	754	810	846	998.5	1,055	1,111
Change	-	-7.23%	10.88%	7.43%	4.44%	18.02%	5.68%	5.26%
Free Cash Flow (FCF) ¹	-	1,237	3,430	-630	568	-	-	-
Change	-	-	177.28%	-118.37%	-190.16%	-100%	-	-
Announcement Date	3/6/20	2/17/21	3/23/22	3/30/23	2/29/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	23.08%	21.13%	23.49%	26.25%	28.29%	29.76%	29.74%	30.14%
EBIT Margin (%)	16.07%	14.48%	16.45%	19.27%	21.6%	22.69%	22.91%	23.23%
EBT Margin (%)	16.96%	14.97%	19.32%	19.58%	22.49%	23.31%	23.32%	23.65%
Net margin (%)	12.16%	11.47%	14.06%	12.67%	15.85%	16.4%	16.47%	16.63%
FCF margin (%)	-	11.75%	30.57%	-5.3%	4.68%	-	-	-
FCF / Net Income (%)	-	102.49%	217.36%	-41.83%	29.55%	-	-	-
Profitability
ROA	0.6%	0.47%	-	0.55%	0.72%	0.74%	0.72%	0.7%
ROE	15.08%	11.38%	13.37%	14.35%	21.17%	19.06%	18.38%	17.73%
Financial Health
Leverage (Debt/EBITDA)	30.36x	42.14x	36.71x	31.61x	26.58x	21.84x	20.59x	19.16x
Debt / Free cash flow	-	75.76x	28.21x	-156.61x	160.53x	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	6.64%	6.46%	6.72%	6.81%	6.98%	8.05%	8.34%	8.59%
CAPEX / EBITDA (%)	28.77%	30.58%	28.6%	25.95%	24.66%	27.04%	28.04%	28.51%
CAPEX / FCF (%)	-	54.97%	21.98%	-128.57%	148.94%	-	-	-
Items per share
Cash flow per share ¹	0.8613	1.472	-	-	-	-	-	-
Change	-	70.94%	-	-	-	-	-	-
Dividend per Share ¹	0.463	0.486	0.59	0.65	0.8	1.01	1.03	1.073
Change	-	4.97%	21.4%	10.17%	23.08%	26.29%	1.97%	4.11%
Book Value Per Share ¹	7.426	8.807	9.303	-	7.968	8.559	9.261	9.908
Change	-	18.6%	5.63%	-	-	7.42%	8.2%	6.99%
EPS ¹	1.032	0.927	1.214	1.158	1.483	1.559	1.587	1.644
Change	-	-10.17%	30.96%	-4.61%	28.07%	5.15%	1.79%	3.57%
Nbr of stocks (in thousands)	1,300,852	1,300,852	1,300,877	1,298,574	1,295,434	1,294,617	1,294,617	1,294,617
Announcement Date	3/6/20	2/17/21	3/23/22	3/30/23	2/29/24	-	-	-