Mail, Parcel & Distribution Q1-25 segment revenues are up 1.6% y/y to €949m.
Mail revenues in Q1-25 were down 2.9% y/y to €520m, reflecting expected lower volumes, partially offset by higher average tariffs, up 6.3% y/y.
Parcel & Logistics revenues recorded a solid 6.9% y/y growth to €393m.
In Q1-25, Parcel volumes grew to 77m items, up 8.7% y/y.
Parcel average tariff was broadly stable (-0.5% y/y), thanks to a diversified customer base.
The share of parcels delivered by “Postini” reached 40.3% in Q1-25.
Distribution revenues in Q1-25 were up (3.6% y/y) to €1.4bn, reflecting positive commercial trends and higher network remuneration.
Segment Adjusted EBIT at €25m in Q1-25, progressing in line with FY-25 guidance.
