Italy Post

The Italian postal service provider is Poste Italiane S.p.A. (Italian Post). Gruppo Poste Italiane provides integrated communication, postal savings products, logistics, financial, and insurance services throughout Italy in addition to postal services. Poste Italiane is an integral part of Italy's economic, social, and productive fabric, occupying an unparalleled position in the country in terms of size, recognizability, reach, and customer loyalty.Poste Italiane is an integral part of the country's economic, social, and productive fabric, with 159 years of history, a network of over 12,700 Post Offices, 125,000 employees, 569 billion euros in total financial assets, and 35 million customers. It is a reality unique in Italy in terms of size, recognition, capillarity, and customer trust. Poste Italiane has been listed on the Milan Stock Exchange since 2015, with the Ministry of Economy and Finance (MEF) owning 29.3 percent, Cassa Depositi e Prestiti (CDP), which is regulated by the MEF, owning 35 percent, and institutional and retail investors owning the balance. In October 2020, 27% of institutional investors pursued their investing objectives by incorporating ESG3 criteria.Poste Italiane is now Italy's largest logistical corporation, as well as a market leader in financial, insurance, and payment services. The Company plays a significant role in the country, contributing significantly to the production chain and the national economy: by investing and collaborating with other players in its value chain, it generates positive effects not only via its operations but also through externalities via the establishment of a local supply chain.The Group's activities have a significant impact on the country in terms of GDP, tax revenues, employment, and household income, with a turnover of over 12 billion euros, market revenues of 10.5 billion euros, EBIT of 1.5 billion euros, a net profit of 1.2 billion euros, and CAPEX of 680 million euros. These effects are the result of the engagement of numerous small and medium-sized local firms in the supply chain as well as investment activity in Italian enterprises and government bonds. This assistance to both public and private entities has a favorable impact on the entire national economy.