Q2-24 Postepay services revenues are up 8.5% y/y to €382m (€761m in H1-24, +12.7% y/y), confirming the role played by Postepay as leader in the fast-growing and evolving digital payments market in Italy.
Payments’ revenues up 6.8% to €281m in Q2 and up 10.1% to €564m in H1, driven by the increase in transaction value, with e-commerce growing at 16% in Q2 and H1. Such growth is also supported by a strong performance of our IBAN-backed Postepay Evolution cards showing a 5% y/y increase in stock to 10.2 million cards, with a well above market transaction value increase of 18% in H1.
Telco revenues amounted to a resilient €82m in Q2-24, down 3.0% (€163m in H1-24, -0.6% y/y) with a customer base of 4.8 million users in a competitive market.
The Poste Energia retail energy offer, launched in June 2022, contributed to the top line with €19m in Q2-24 and €34m in H1-241, supported by positive market dynamics.
Adjusted EBIT grew 18.9% to €132m in Q2-24 and 24.8% to €249m in H1 driven by strong top-line performance.
