Poste Italiane S.p.A. is Italy’s largest provider of postal and logistics services, integrated with financial, insurance, payment, mobile, and energy services.
1. Poste Italiane Profile
With a heritage spanning over 160 years, Poste Italiane stands as a multifaceted national leader, employing more than 121,000 people and operating a vast network of over 13,000 post offices across the country. As of December 31, 2024, the Group contributed an estimated €14 billion to Italy’s GDP, demonstrating its strong economic influence and strategic positioning.
Key Highlights:
- Employees: ~121,000 (FTE)
- Post Offices: 12,755 across Italy
- Revenue (2024): €12.6 billion (+5% YoY)
- Net Profit (2024): €2.01 billion (+4.1% YoY)
- Dividend per Share (2024): €1.08 (Payout ratio increased to 70%)
- Market Capitalisation Record: €16.58/share in March 2025
Poste Italiane operates through a diversified and integrated platform supported by its strategic plan “The Connecting Platform 2024–2028.” The plan targets innovation, sustainability, and omnichannel customer engagement while strengthening Poste Italiane’s role as a national champion in logistics and financial infrastructure.
2. Company History of Poste Italiane
An Evolution Rooted in Public Service and Innovation
Founded in the 19th century, Poste Italiane has undergone a remarkable transformation from a traditional postal service into a dynamic platform business. Key historical milestones include:
- 1862: Origin of postal services in Italy under the newly unified Italian state.
- 1998: Transformation into a joint-stock company.
- 2000s–2010s: Diversification into financial, insurance, and digital payment services.
- 2015: Listing on Borsa Italiana (MTA).
- 2022: Launch of the “Polis Project” to digitize access to public services in rural areas.
- 2024–2028: Execution of “The Connecting Platform” strategic plan, transforming Poste into a fully integrated logistics and financial hub.
The company’s legacy of trust, extensive network, and continuous innovation have made it an enduring cornerstone in Italian society.
3. Business Segments with Comprehensive Details and Revenue Breakup
3.1 Mail, Parcels & Distribution
This segment includes postal services, parcel delivery, logistics operations, and the nationwide post office network.
Core Offerings:
- Traditional mail delivery
- Parcel and courier services
- Logistics and communication solutions
Strategic Developments:
- Strong shift towards parcel growth driven by e-commerce.
- Launch of Locker Italia SpA and joint venture Patrimonio Italia Logistica.
- Strategic partnership with DHL and other global players.
Revenue Contribution: ~36% of Group revenue
Notable Milestone: >300 million parcels delivered in 2024 (+20% YoY)
3.2 Financial Services (BancoPosta)
This unit manages savings, current accounts, investments, and lending.
Key Products:
- Postal savings (in partnership with Cassa Depositi e Prestiti)
- Loans and mortgages
- Investment funds
- Current and checking accounts
Highlights:
- €69 billion in Total Gross Inflows (record)
- €590 billion in Client Total Financial Assets
- €3.7 billion in loans disbursed (+8% YoY)
Revenue Contribution: ~30% of Group revenue
3.3 Insurance Services
Managed through the Poste Vita Group, this unit focuses on life insurance, pension plans, and protection policies.
Products:
- Life investment products (Multi-class, Unit-linked)
- Pension policies
- Protection and health insurance
2024 Performance:
- Net inflows of €1.5 billion in a challenging market
- Solvency ratio of 322% (approx. 300% after dividend forecast)
Revenue Contribution: ~20% of Group revenue
3.4 Postepay Services (Payments, Mobile & Energy)
This segment offers digital payments, prepaid cards, mobile services, and utility solutions.
Product Lines:
- Prepaid and digital Postepay cards
- Mobile phone services (PosteMobile)
- Energy services (gas & electricity)
- POS services (via LIS network)
Growth Areas:
- Over 16 million eco-friendly Postepay cards
- ~700,000 contracts for green energy
- PostePay App usage doubled vs 2023
Revenue Contribution: ~14% of Group revenue
4. Products and Services Offered by Poste Italiane
Poste Italiane offers a diversified and integrated portfolio of services across four strategic pillars: logistics, financial services, insurance, and digital payments. This multi-dimensional service model is key to the Group’s resilience, enabling it to meet the evolving needs of Italian households, businesses, and the Public Administration.
4.1 Mail, Parcels, and Logistics Services
Mail Services
- Ordinary, registered, and certified mail
- Direct marketing and advertising mail
- Philatelic products and commemorative stamps
Parcel Services
- Domestic and international parcel delivery
- Express courier solutions
- Return management and reverse logistics
- Last-mile delivery and lockers (via Locker Italia SpA)
Logistics & Communication
- Integrated B2B and B2C logistics
- Communication services for government and large enterprises
- Document management
Revenue Contribution: Approx. €4.5 billion
Growth Driver: >300 million parcels shipped in 2024, tripling since 2017
4.2 Financial Services (BancoPosta)
Banking & Savings
- Postal savings accounts and bonds (in partnership with Cassa Depositi e Prestiti)
- Current accounts and debit cards
- Time deposits and CDs
Investment Solutions
- Mutual funds and portfolio management
- Life investment and multi-asset products
- Green finance options and ESG-focused funds
Lending
- Personal loans
- Mortgages
- Salary-backed loans (Cessione del Quinto)
- Corporate credit solutions
Digital Banking Tools
- BancoPosta App (soon to be merged into the Poste Italiane app)
- Online account opening and digital statements
Revenue Contribution: Approx. €3.8 billion
4.3 Insurance Services (Poste Vita Group)
Life Insurance
- Savings and retirement solutions
- Unit-linked and multi-class policies
- Capital accumulation plans
Pension Products
- Private pension plans (PIP)
- Supplemental retirement savings
Protection & Risk Coverage
- Health insurance
- Accident and life protection
- Catastrophic risk coverage
IBIPs – Insurance Based Investment Products
- Insurance + Investment hybrid policies
Revenue Contribution: Approx. €2.5 billion
4.4 Payments, Mobile & Energy (Postepay Services)
Payment & Prepaid Services
- Postepay prepaid cards (16M+ issued, including eco-friendly cards)
- Postepay Evolution (with IBAN functionality)
- POS network management (LIS Point network)
- Bill payments and top-ups
Mobile Services
- PosteMobile prepaid SIM and plans
- PosteMobile Connect (bundled telecom + payments)
Energy Solutions
- Poste Energia: green gas and electricity offers
- 700,000+ active contracts by end of 2024
Innovations
- Digital Postepay wallet
- Postepay App ranked No. 1 in Italy (Finance category, Apple & Google Play)
Revenue Contribution: Approx. €1.8 billion
4.5 Digital and Omnichannel Services
- App Poste Italiane: Unified access for banking, logistics, insurance, and telco services
- PuntoPoste Network: >15,700 pick-up/drop-off points across Italy
- Digital Donation Platform: Enables customers to donate to NGOs via Postepay
- Coworking Spaces: 81 digital spaces for customers and businesses
- Online Portals: Poste.it, BancoPosta, PostePay
4.6 Public Administration Services via Polis Project
Poste Italiane bridges the digital divide in underserved towns via its “Polis Project,” offering:
- INPS and registry services
- Passport issuance and renewal
- 2,918 digital-ready post offices
- 81 coworking spaces
- Target: 7,000 municipalities <15,000 inhabitants
Investment Plan: €1.2 billion (co-funded with €800 million by the Ministry of Enterprise and Made in Italy)
5. Brands and Brand Architecture of Poste Italiane
Poste Italiane has evolved into a powerful ecosystem of synergistic brands that reflect its multibusiness platform — spanning postal, logistics, financial services, insurance, payments, mobile telephony, and energy. These brands operate independently yet complement each other under the unified umbrella of Poste Italiane S.p.A.
5.1 Poste Italiane (Main Brand)
The corporate identity and national flagship brand symbolizing reliability, trust, and innovation. It encompasses:
- Postal services
- Retail and commercial post offices
- Government partnership services
- Digital platform (poste.it and the Poste App)
Positioning: Public utility + innovation platform
Contribution: Core brand anchoring all operations across business units
5.2 BancoPosta (Banking & Financial Brand)
Activities:
- Savings and checking accounts
- Loans and credit lines
- Investment funds
- Digital banking (BancoPosta App)
Distinct Attributes:
- Trusted by households for simplicity and accessibility
- Partnerships with Cassa Depositi e Prestiti and retail banks
- Central to the Group’s liquidity and capital generation
Contribution to Revenue: Approx. 30% of Group revenue
5.3 Poste Vita (Insurance Brand)
The life and protection insurance company within the Group.
Activities:
- Life insurance
- Pension plans
- Investment-linked policies
- Catastrophic and health protection
Subsidiaries:
- Poste Assicura (non-life/P&C insurance)
Brand Positioning: Safety, long-term planning, retirement protection
Revenue Contribution: Approx. 20% of Group revenue
5.4 PostePay (Digital Payments, Mobile & Energy)
PostePay represents one of the most successful fintech brands in Italy.
Verticals:
- Digital & prepaid payment cards
- Postepay wallet & app
- Recharge services and QR payments
- Mobile plans (PosteMobile)
- Utilities (Poste Energia: electricity & gas)
Innovation Highlights:
- Over 16 million eco-friendly payment cards
- “Pay and Withdraw” service (Product of the Year 2024)
- Postepay App: Top ranked Finance App in Italy
Revenue Contribution: Approx. 14% of Group revenue
5.5 Polis Project (Territorial Brand for Digital Access)
Purpose:
- Bridge the digital divide in ~7,000 small municipalities
- Deliver public administration services via post offices
Key Offerings:
- INPS services
- National registry access
- Passport services
- Digital ID enrollment
- Smart coworking spaces
Brand Impact: Strengthens Poste’s role as an inclusive, digital-first public enabler
Investments: ~€1.2 billion (backed by Ministry of Enterprise and Made in Italy)
5.6 PuntoPoste (Logistics Access Points)
A logistics micro-brand under Poste Italiane’s delivery ecosystem.
Assets:
- 15,700+ pickup/drop-off lockers and retail partner points
- “2.5 km” mission: access point within 2.5 km of any Italian resident by 2028
Contribution: Enhances last-mile efficiency and reduces emissions
5.7 Locker Italia (Subsidiary Brand – Last-Mile Logistics)
A JV created in April 2024 to manage Italy’s parcel locker infrastructure.
Milestone: First of 10,000 lockers installed in September 2024
Goal: Support e-commerce boom with 24/7 locker availability
5.8 Postego (Fleet Management for Green Mobility)
New company founded in 2024 to manage Poste’s low-emission vehicle fleet.
Role:
- Green vehicle leasing for the Group
- Biofuel transition (via Enilive collaboration)
Fleet: 28,400 low-emission vehicles (6,100 electric)
6. Geographical Presence and Revenue Breakdown of Poste Italiane
Poste Italiane operates exclusively in Italy, with a focus on national service coverage, economic integration, and digital access. While it does not have international subsidiaries for retail operations, its omnichannel, platform-driven model ensures it reaches every corner of the country — including underserved and rural territories.
6.1 Nationwide Physical Coverage
- Post Offices: 12,755 across all Italian regions
- PuntoPoste Pickup/Drop Points: >15,700
- Coworking Spaces (Digital Hubs): 81 completed as of 2024
- Digital Access: >25 million daily omnichannel interactions
- Digital Channel Share: ~49% of all interactions in 2024
6.2 Territorial Penetration via the Polis Project
Coverage Target:
- 7,000 municipalities with <15,000 inhabitants
- Post offices reimagined as one-stop shops for Public Administration services
Achievements in 2024:
- 2,918 post offices modernized
- Over 31,000 files processed via PA services
- Continued rollout through 2025–2026
Benefits:
- Direct contribution to digital and social cohesion
- Equal access to registry, INPS, and identity services
6.3 Employment Distribution by Region
Poste Italiane’s employment impact is spread across the country, with over 199,000 direct, indirect, and induced jobs supported by its operations and procurement from Italian suppliers.
6.4 Regional Economic Impacts (2024 Indirect GDP via Suppliers)
| Territorial Area | GDP Contribution (€ mn) | Employment | Employment Income (€ mn) |
|---|---|---|---|
| North-West | €1,370 million | 19,148 | €586 million |
| North-East | €164 million | 2,685 | €71 million |
| North-Central | €220 million | 4,295 | €109 million |
| Central | €959 million | 15,483 | €413 million |
| Southern | €347 million | 6,568 | €179 million |
| Sicily | €82 million | 1,777 | €49 million |
6.5 SME Supplier Impact in Italy
In 2024, Italian SME suppliers contributed significantly to the Group’s indirect economic value:
- GDP Generated: €1.2 billion
- Jobs Supported: 22,000
- Employment Income: €617 million
- Tax Contributions to PA: €368 million
6.6 Environmental Logistics Reach
- Goal: Every Italian customer to have a PuntoPoste collection point within 2.5 km by 2028
- Fleet: 28,400 low-emission vehicles (6,100 EVs) servicing every region
- Locker Network: 10,000 lockers planned via Locker Italia SpA JV
6.7 Digital Coverage
- Poste Italiane App: #1 finance app across app stores
- Postepay App: Millions of active users migrated to unified app
- Digital service interaction: 49% of total customer activity in 2024
- Omnichannel daily interactions: >25 million
7. Consolidated Financial Statements of Poste Italiane Group
7.1 Consolidated Income Statement (Profit & Loss)
| Consolidated Income Statement – Poste Italiane Group (FY2024) | |
|---|---|
| Description | Amount (€ million) |
| Total revenue | 12,607 |
| Costs for goods and services | (6,235) |
| Gross operating profit (EBITDA) | 4,432 |
| Amortisation, depreciation & impairment | (1,474) |
| EBIT (Operating profit) | 2,958 |
| Finance income (expenses) and other items | +72 |
| Profit before tax | 3,030 |
| Income taxes | (1,018) |
| Net profit | 2,012 |
7.2 Consolidated Balance Sheet
| Consolidated Balance Sheet – Poste Italiane Group (As of 31 Dec 2024) | |
|---|---|
| Assets | Amount (€ million) |
| Non-current assets | 40,872 |
| Current assets | 25,418 |
| Total assets | 66,290 |
| Liabilities and Equity | Amount (€ million) |
| Equity | 10,984 |
| Non-current liabilities | 35,187 |
| Current liabilities | 20,119 |
| Total liabilities and equity | 66,290 |
7.3 Consolidated Cash Flow Statement
| Consolidated Cash Flow Statement – Poste Italiane Group (FY2024) | |
|---|---|
| Description | Amount (€ million) |
| Net cash from operating activities | 3,414 |
| Net cash used in investing activities | (1,158) |
| Net cash used in financing activities | (1,502) |
| Net increase in cash and cash equivalents | 754 |
| Cash and cash equivalents at beginning of year | 6,937 |
| Cash and cash equivalents at end of year | 7,691 |
8. Poste Italiane Group Subsidiaries, Wholly-Owned Subsidiaries, Associates, and Joint Ventures
Poste Italiane operates a vast ecosystem of fully consolidated companies, joint ventures, and equity investments across its strategic business areas. As of 31 December 2024, the Group holds equity interests in 57 entities, including:
- 39 fully consolidated subsidiaries
- 9 associates (equity method)
- 1 joint venture
- 6 minority equity stakes
8.1 Mail, Parcels & Distribution – Subsidiaries
| Company | Stake (%) | Type | Core Activity |
|---|---|---|---|
| SDA Express Courier SpA | 100% | Subsidiary | Express courier and logistics services |
| Poste Air Cargo Srl | 100% | Subsidiary | Cargo transport and air logistics |
| Postel SpA | 100% | Subsidiary | Business communication and document services |
| Poste Logistics SpA | 100% | Subsidiary | Integrated logistics and warehouse operations |
| Nexive Network Srl | 100% | Subsidiary | Postal and parcel distribution services |
| Nexive Scarl | 85.89% | Subsidiary | Local distribution of letters and small parcels |
| Kipoint SpA | 100% | Subsidiary | Retail shipping services, business centers |
| MLK Deliveries SpA | 100% | Subsidiary | Innovative last-mile logistics and tech-enabled deliveries |
| Indabox Srl | 100% | Subsidiary | Delivery points infrastructure |
| Locker Italia SpA | 50% | Joint Venture | Management of smart locker network |
| PatentiViaPoste ScpA | 69.65% | Subsidiary | Theory test and license service network |
| Consorzio Logistica Pacchi ScpA | 51% | Subsidiary | Consortium for logistics packaging |
| Consorzio PosteMotori | 58.12% | Consortium | Fleet maintenance and vehicle servicing |
8.2 Financial Services – Subsidiaries & Associates
| Company | Stake (%) | Type | Core Activity |
|---|---|---|---|
| BancoPosta Fondi SpA SGR | 100% | Subsidiary | Investment fund management |
| Financit SpA | 40% | Associate | Credit and financing operations |
| Anima Holding SpA | 11.95% | Associate | Asset management company |
| Eurizon Capital Real Asset SGR SpA | 40% | Associate | Real estate and alternative assets |
| Replica SIM SpA | 45% | Associate | Securities investment and brokerage |
8.3 Insurance Services – Subsidiaries & Associates
| Company | Stake (%) | Type | Core Activity |
|---|---|---|---|
| Poste Vita SpA | 100% | Subsidiary | Life insurance and pension products |
| Poste Assicura SpA | 100% | Subsidiary | Property, accident, and credit insurance |
| Poste Insurance Broker Srl | 100% | Subsidiary | Insurance and reinsurance intermediation |
| Net Insurance SpA | 100% | Subsidiary | Credit-related insurance services |
| Net Insurance Life SpA | 100% (via Net Insurance) | Subsidiary | Life insurance operations |
| Cronos Vita Assicurazioni SpA | 22.5% | Associate | Rescue vehicle for Eurovita portfolio |
8.4 Postepay Services – Subsidiaries & Tech Associates
| Company | Stake (%) | Type | Core Activity |
|---|---|---|---|
| PostePay SpA | 100% | Subsidiary | Payments, e-money, mobile and energy services |
| LIS Holding SpA | 100% | Subsidiary | Operates PuntoLis retail terminal network |
| LIS Pay SpA | 100% | Subsidiary | Electronic money and prepaid services |
| Consorzio Servizi ScpA | 100% | Subsidiary | Infrastructure for payments, messaging, energy supply |
| Volante Technologies Holdco Inc. | 3.25% | Minority | Cloud-native payment solutions (cross-border) |
| Conio Inc. | 16.29% | Associate | Digital wallets and crypto custody services |
| N&TS Group SpA | 20% | Associate | Digital payment gateway and transactional services |
| Scalapay Limited | 2.15% | Minority | “Buy Now Pay Later” (BNPL) services |
8.5 Other Significant Investments
| Company | Stake (%) | Type | Details |
|---|---|---|---|
| Agile Lab Srl | 70% | Subsidiary | Big data, cloud-native data engineering |
| Plurima SpA | 70% | Subsidiary | Document archiving, process outsourcing |
| Bridge Technologies Srl | 100% (via Plurima) | Subsidiary | Health logistics and archiving solutions |
| ItaliaCamp Srl | 19.4% | Associate | Innovation ecosystem development |
| MFM Holding Ltd | 13.98% | Minority | ETF and fintech investment platform |
9. Physical Properties and Operational Infrastructure of Poste Italiane
Poste Italiane owns and operates one of Italy’s largest and most strategically distributed real estate and logistics networks. This infrastructure ensures full territorial coverage and enables last-mile connectivity, e-commerce logistics, financial operations, and public service delivery across the country.
9.1 Post Office Network
- Total Post Offices: 12,755
- Coworking Spaces (Polis Project): 81 (as of 2024)
- Small Municipalities (<15k residents): Zero post offices closed
Post offices serve as omnichannel hubs offering:
- Mail and logistics services
- Banking and insurance
- Public Administration access (INPS, ID cards, passports)
- Utility payments and digital identity
9.2 Logistics Hubs and Warehouses
Main Logistic Hubs (Major Properties):
| Location | Facility Type | Purpose |
|---|---|---|
| Piacenza | Logistics Hub | National mail and parcel sorting |
| Caserta | Logistics Hub | High-volume parcel processing |
| Bologna | Regional Sorting Center | Cross-docking and distribution |
| Rome | Multi-purpose Hub | Central admin, sorting, and parcel dispatch |
Investments:
- Energy efficiency upgrades including photovoltaic installations in Piacenza and Caserta
- Smart Building project involving 150 buildings in 2024
- €32 million in energy savings achieved from upgrades
9.3 Vehicle Fleet and Green Transition Assets
| Fleet Type | Count | Notes |
|---|---|---|
| Low-emission vehicles | 28,400 | Includes electric and hybrid |
| Fully electric vehicles | ~6,100 | Used for short-distance and urban deliveries |
| Delivery coverage | Nationwide | Services all municipalities including remote areas |
Fleet is managed by: Postego SpA (newly founded in 2024 to support green mobility)
9.4 PuntoPoste & Locker Network
| Type | Count | Function |
|---|---|---|
| PuntoPoste Access Points | 15,700+ | Pick-up/drop-off stations |
| Locker Terminals (Goal) | 10,000 (by 2028) | Self-service parcel collection units |
Operated via Locker Italia SpA (joint venture established in April 2024)
9.5 Administrative and Strategic Facilities
- Rome Headquarters: Legal and financial headquarters
- Innovation Centers: Digital, IT, and payment R&D hubs in Rome and Milan
- Training & Development Centers: Learning spaces to deliver 6 million+ hours of training per year
10. Founders and Board of Directors of Poste Italiane
10.1 Founding Background of Poste Italiane
Founded: The modern legal entity of Poste Italiane S.p.A. was established in 1998, transitioning from the former government-run Italian Postal and Telegraph Service, which has roots dating back to 1862 — shortly after Italy’s unification.
Founder:
- Government of the Italian Republic
- Through Ministry of the Economy and Finance (MEF), which remains the key shareholder and original constituting authority
Initial Mission:
To modernize postal services and convert the public administration entity into a corporate organization aligned with market dynamics.
IPO Date: 27 October 2015 on Borsa Italiana (MTA)
10.2 Current Board of Directors (As of 31 Dec 2024)
Elected by the Ordinary Shareholders’ Meeting held on 8 May 2023, the Board will remain in office until the approval of the 2025 financial statements.
| Name | Role | Notes |
|---|---|---|
| Silvia Maria Rovere | Chairwoman | Also Chair of the Sustainability Committee |
| Matteo Del Fante | Chief Executive Officer | Executive Director; Former General Manager |
| Giuseppe Lasco | General Manager (non-board) | Appointed GM on 28 Feb 2024; Participates in board meetings |
| Carlo D’Asaro Biondo | Director | Chair, Remuneration Committee |
| Valentina Gemignani | Director | Member, Appointments and Control Committee |
| Paolo Marchioni | Director | Chair, Related and Connected Parties Committee |
| Matteo Petrella | Director | Chair, Control and Risk Committee |
| Patrizia Rutigliano | Director | Member, Sustainability and Appointments Committees |
| Vanda Ternau | Director | Member, Appointments and Related Parties Committees |
| Alessandro Marchesini | Director | Joined 26 March 2025, confirmed 30 May 2025 |
Gender Balance: 5 out of 9 board members are women
Independence: 7 of 9 members meet the independence requirements
10.3 Key Committees and Their Composition
1. Sustainability Committee
- Chairwoman: Silvia Maria Rovere
- Members: Patrizia Rutigliano, Alessandro Marchesini
2. Control and Risk Committee
- Chairman: Matteo Petrella
- Members: Carlo D’Asaro Biondo, Valentina Gemignani
3. Appointments and Corporate Governance Committee
- Chairwoman: Patrizia Rutigliano
- Members: Valentina Gemignani, Vanda Ternau
4. Remuneration Committee
- Chairman: Carlo D’Asaro Biondo
- Members: Paolo Marchioni, Alessandro Marchesini
5. Related and Connected Parties Committee
- Chairman: Paolo Marchioni
- Members: Matteo Petrella, Vanda Ternau
10.4 Board of Statutory Auditors (Supervisory Board)
| Role | Name |
|---|---|
| Chairman | Mauro Lonardo |
| Standing Auditors | Serena Gatteschi, Gianluigi Fiorendi |
| Alternate Auditors | Antonio Santi, Francesco Fallacara, Sonia Ferrero |
Magistrate Assigned: Francesco Targia (Court of Auditors delegate for Poste Italiane)
Independent Auditor: Deloitte & Touche S.p.A. (for FY2020–FY2028)
11. Shareholding Structure and Parent Company of Poste Italiane
Poste Italiane S.p.A. is a publicly listed company traded on the Borsa Italiana (Euronext Milan) under the ticker PST. Despite being listed, it maintains a significant public ownership component, making it a strategic asset of the Italian State.
11.1 Shareholding Structure (As of 31 December 2024)
| Shareholder | Stake (%) | Type |
|---|---|---|
| Ministry of Economy and Finance (MEF) | 29.26% | Government ownership |
| Cassa Depositi e Prestiti SpA (CDP) | 35.00% | State-controlled entity |
| Institutional and Retail Investors | 35.74% | Free float (public shareholders) |
Note: CDP is itself controlled by MEF, reinforcing Poste Italiane’s classification as a state-controlled enterprise.
11.2 Parent Entity
- De Facto Parent: Republic of Italy
- Control Mechanism: Dual-level government control via:
- Direct shareholding by MEF (Ministry of Economy and Finance)
- Indirect control via Cassa Depositi e Prestiti (CDP)
Parent Entity Roles:
- Provides strategic guidance in matters of national interest
- Guarantees corporate stability during macroeconomic fluctuations
- Partners with Poste in initiatives like the Polis Project, postal savings, and public sector digitalization
12. Poste Italiane Group Investments and Future Investment Plans
Poste Italiane maintains a strategic portfolio of both active (operational subsidiaries) and passive investments (minority financial interests), aimed at enhancing innovation, digital leadership, energy transition, and financial returns. The Group follows a disciplined capital allocation strategy under its “2024–2028 Connecting Platform” roadmap.
12.1 Passive and Strategic Financial Investments
| Company | Stake (%) | Sector | Investment Purpose |
|---|---|---|---|
| Anima Holding SpA | 11.95% | Asset Management | Strategic alliance for retail fund distribution |
| Conio Inc. | 16.29% | Digital Wallets / Crypto | Exposure to digital currencies and blockchain technology |
| Scalapay Limited | 2.15% | BNPL Fintech | Entry into Buy Now Pay Later space |
| N&TS Group SpA | 20.00% | Payments Infrastructure | Card and digital transaction gateway provider |
| Volante Technologies Inc. | 3.25% | Cross-Border Payments | Global cloud-native financial messaging platform |
| ItaliaCamp Srl | 19.4% | Innovation/ESG Incubator | Development of innovation ecosystems |
| MFM Holding Ltd | 13.98% | ETF Management / Fintech | Diversified fund/ETF platform integration |
These minority investments are classified under “equity method or FVOCI (Fair Value through Other Comprehensive Income)” depending on control, enabling Poste Italiane to leverage fintech innovation and new financial technologies without direct management exposure.
12.2 Real Asset and Sustainability-Focused Investments
- Plurima SpA (70%) – Health logistics and document archiving
- Agile Lab Srl (70%) – Cloud-native big data and analytics
- Bridge Technologies (via Plurima) – Health logistics innovation
- Postego SpA (100%) – Fleet electrification and biofuel mobility
- Locker Italia SpA (50%) – Parcel locker network management
These strategic subsidiaries reflect Poste Italiane’s commitment to ESG leadership, digital inclusion, and low-emission mobility.
12.3 Infrastructure and Network Investments (2024)
- €700 million CAPEX deployed in 2024
- Investments in:
- Logistics automation and robotics
- 2,918 Polis post offices for digital access
- Fleet electrification (28,400 low-emission vehicles)
- Smart buildings (150 locations modernized)
12.4 Future Investment Plans (2024–2028 Strategic Roadmap)
Poste Italiane’s new plan “The Connecting Platform 2024–2028” outlines bold investments in digital transformation, territorial presence, and sustainability.
| Strategic Area | Investment Highlights |
|---|---|
| Digital & Platformization | Unified Poste App, advanced analytics, omnichannel customer experience |
| Green Mobility & Logistics | Full electrification of last-mile delivery fleet, lockers, CO₂ reduction |
| Financial Integration | Deepening synergy between BancoPosta, PostePay, and Poste Vita for seamless service experience |
| Territorial Cohesion (Polis) | €1.2 billion investment (co-funded by MEF), aimed at 7,000+ underserved towns |
| Data & Cloud Infrastructure | Big data platforms (via Agile Lab), AI-enabled automation, cybersecurity |
| Return to Shareholders | Targeting €5.6 billion cumulative dividend payout by 2026 (70% payout ratio) |
Capital Allocation Strategy:
- Reinvesting profits to strengthen digital + logistics core
- Boosting customer-centric and ESG-compliant platforms
- Reducing carbon footprint while maintaining shareholder value
