Poste Italiane has celebrated ten years since its stock market debut. Since then, its market value has more than tripled, with capitalization rising from €8 billion to over €27 billion. The anniversary event and the company’s achievements were featured across Italy’s major newspapers, starting with Il Sole 24 Ore, which ran the headline: “Poste, 10 Years on the Stock Exchange: Value Tripled and €7 Billion in Dividends.” The financial daily noted that “the company led by Matteo Del Fante continues to break records on the stock market week after week: in recent days, shares have surpassed the €20 threshold.” La Repubblica, in its article dedicated to Poste, quoted CEO Matteo Del Fante: “Many ask us what the secret of Poste’s success is, and I believe the reason lies in the fact that our General Manager Lasco and I have been able to attract talent and build a skilled team capable of developing successful products and services.” Among these, Poste Vita’s insurance solutions and the Polis project – which brings a wide range of services, including passport issuance, to small towns – were mentioned. “The latest service we launched,” Del Fante recalled, “is Poste Energia, which already boasts 950,000 customers and, in the long term, could represent a significant share of our future profits.”
Continuous Growth
As highlighted by La Verità, which dedicated its headline to Del Fante’s remarks, the CEO shared an impressive figure: “Every €100 invested ten years ago are now worth €540, including dividends and share appreciation. We have recorded an average annual growth of 15% in operating profit and 14% in dividends, while maintaining a prudent financial management,” said Del Fante. Il Messaggero instead focused on the company’s 2024 Business Plan, which “follows the path set out in 2018 – namely, to consolidate Poste as an integrated platform capable of serving customers through post offices, digital channels, and a strong customer service network,” Del Fante explained. This year, the company will deliver 450 million parcels, “half of which will be delivered by our own postal workers – not by contractors offering weaker labor protections than those we guarantee our employees,” the paper added.
The Stock Takes Off
QN Quotidiano Nazionale emphasized the company’s soaring stock performance: “Poste Italiane closed yesterday at €20.68 (+1.62%), a new all-time high on the very day it celebrated its tenth anniversary on the stock exchange – which marked the end of what was the largest initial public offering (IPO) ever held in Europe. The company also reached a new record capitalization of €27.01 billion.”
