In Q3-24 Mail, Parcel & Distribution external revenues at €909m, +5.8% (€2.8bn in 9M-24, +1.5% y/y).
Q3-24 Mail revenues were at €496m up 2.1% y/y (€1.6bn in 9M-24, +4.0% y/y), driven by resilient volumes of registered mail and repricing actions, offsetting lower unregistered mail volumes.
Parcel & Logistics revenues recorded outstanding double-digit growth of 14.6% y/y to €384m in Q3-24 (€1.1bn in 9M-24, +13.0% y/y), supported by strong parcel volumes growth (+23.8% y/y in Q3-24 to 76 million items; +23.6% y/y to 219 million items in 9M-24), driven by all customer segments, with a further acceleration of last quarters’ growth trends.
The share of parcels delivered by “Postini” reached 40% in Q3-24, in line with business plan.
In Q3-24 parcel average tariff is down 6.5% y/y, while in the first nine months of the year is down 6.2%, reflecting higher volumes with lower pricing and unit costs.
Q3-24 Distribution revenues were at €1.4bn up 13.3% y/y (€4.1bn in 9M-24, +6.4% y/y), reflecting positive commercial trends and compensating for higher network costs.
Q3-24 Segment EBIT was at €87m (€183m in 9M-24, +18.7% y/y), reflecting the top-line trend and cost discipline.
