Q3-24 Postepay services revenues are up 6.0% y/y to €396m (€1.2bn in 9M-24, +10.4% y/y), confirming the role played by Postepay as leader in the fast-growing and evolving digital payments market in Italy.
Payments’ revenues up 4.6% to €294m in Q3-24 and up 8.2% to €858m in 9M-24, driven by the increase in transaction value, with e-commerce growing at 10.7% in Q3-24 and 14.3% in 9M-24. Strong performance of our IBAN-backed Postepay Evolution cards (+5% y/y increase in stock to 10.4 million cards) with a well above market transaction value increase of 17% in 9M-24.
Telco revenues amounted to a resilient €82m in Q3-24, down 1.7% (€245m in 9M-24, -1.0% 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 Q3-24 and €53m in 9M-241, supported by positive market dynamics and lasting favorable market conditions.
Adjusted EBIT grew 11.9% to €132m in Q3-24 and 20.0% to €381m in 9M-24 driven by strong top-line performance.
