In Q4-23 Payments and Mobile segment revenues continued to grow by a strong 11.6% y/y to €399m1 (€1.4bn1 in FY-23, +27.5% y/y), confirming the role played by PostePay as leader in the fast-growing and evolving digital payments market in Italy. The LIS consolidation generated additional €184m in FY-23 to Other Payments and Card Payments.
Card payments totalled €198m in Q4-23, increasing by 11.3% on the previous year (€717m in FY-23, +23.2% y/y), thanks to the upward trend of e-commerce transactions, the increasing usage as a result of the structural cash-to-card shift and the LIS consolidation contribution. The revenues’ trend is also supported by higher recurring margin Evolution cards, whose total stock stands, at the end of December 2023, at 10.0 million cards, up 5.4% y/y.
In Q4-23 Other payments came to €107m, up 8.2% y/y (€381m in FY-23, +63.2% y/y), mainly thanks to payment transactions directly managed by PostePay as Payment Service Provider and the LIS contribution.
Telco revenues were up 1.8% y/y to €84m in Q4 (€ 331m in FY-23, +3.8% y/y), supported by the fiber offer and benefitting from a loyal customer base of 4.7 million users, in a competitive market.
The Poste Energia retail energy offer, launched in June 2022, contributed with €10m in the quarter (€17m1 in FY-23), reaching c. 500,000 subscriptions.
PosteID (Poste Italiane’s National Digital ID solution) in FY-23 has now been adopted by 24.0m clients (+0.8% y/y vs FY-22).
EBIT for the period was equal to €122m, +11.8% y/y (€440m in FY-23, +15.9% y/y), driven by revenue growth and LIS contribution more than offsetting energy business start-up costs.
