(Alliance News) - Poste Italiane Spa stock continues to set records on the stock market, reaching EUR14.2950 per share yesterday, with a capitalization of EUR18.7 billion.
As Il Sole 24 Ore recalls on Friday, the value has risen 40 percent in the past 12 months, thanks to market confidence in management's ability to exceed business plan targets and renewed interest in Italian companies, given the stable government compared to other European countries.
Large U.S. funds are looking with interest at Poste Italiane, favored by the closing spread and less exposed to falling rates than banks. The performance of the 2024-2028 plan has already exceeded expectations: the dividend per share, expected at EUR1.00 in 2026, is close to reaching the target as early as 2024, with net profits expected at EUR2 billion and up 186 percent from 2017. The group went from an operating profit of EUR1 billion in 2017 to EUR2.8 billion in 2024.
On Feb. 21, Poste will update its plan for 2025, including plans to expand the share of parcels distributed directly by letter carriers to 66 percent. On that date, preliminary 2024 results and dividend proposal will also be presented.
A positive update could push a new privatization tranche, set at 15 percent by last fall's DPCM. The sale could bring about EUR3 billion to the state, stimulating further interest among international investors, attracted by the group's strategy and its potential in the logistics sector.
By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter
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