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Posteitaliane POSTE ITALIANE Q2 & H1 2021 FINANCIAL RESULTS BUSINESS RECOVERY ON TRACK WITH REVENUES UP ACROSS ALL SEGMENTS AND ABOVE PRE - PANDEMIC LEVELS H1-21 NET PROFIT UP 42 % AT € 773M ( UP 36 % IN Q2-21 TO € 326M ) HIGHLIGHTING STRONG EXECUTION OF 24SI PLAN STEADY REVENUE GROWTH YTD UP 14 % AT € 5.7BN ( UP 19 % TO € 2.8BN IN Q2 ) MAIL REVENUES RECOVERING COUPLED WITH PARCEL GROWTH SUPPORTED BY B2C INSURANCE SERVICES AND PAYMENTS & MOBILE CONSTANTLY GROWING NEW LABOUR CONTRACT SIGNED - ENHANCING VISIBILITY ON HR COSTS TFA AT € 576BN , REACHING FY - 21 TARGET 24SI TARGETS WELL ON TRACK WITH A LIMITED EXECUTION RISK ● Q2-21 REVENUES AT € 2.8BN , + 18.7 % Y / Y ( + 14.0 % H / H TO € 5.7BN IN H1-21 ) . SOUND AND SUSTAINABLE BUSINESS MODEL , LEVERAGING ON UPWARD BUSINESS TRENDS : Q2-21 MAIL , PARCEL & DISTRIBUTION REVENUES AT € 909M , + 29.8 % Y / Y ( + 24.1 % H / H TO € 1.8BN IN H1-21 ) WITH MAIL REVENUES UP FROM VOLUMES RECOVERY AND NEXIVE CONSOLIDATION AS WELL AS SIGNIFICANT B2C PARCEL REVENUE GROWTH ; O Q2-21 FINANCIAL SERVICES GROSS REVENUES AT € 1.3BN , + 5.6 % Y / Y ( + 2.0 % H / H TO € 2.8BN IN H1-21 ) WITH LOWER NET INTEREST OFFSET BY INVESTMENT PRODUCTS ' REVENUE ; Q2-21 INSURANCE SERVICES REVENUES AT € 552M , + 43.9 % Y / Y ( + 42.0 % H / H TO € 1.0BN IN H1-21 ) . TOTAL GWP AT € 4.5BN IN Q2-21 , 64 % GENERATED BY MULTICLASS PRODUCTS ; O Q2-21 PAYMENTS & MOBILE REVENUES AT € 207M , + 20.0 % Y / Y ( + 18.3 % H / H TO € 399M ) : BOOSTED BY CARD PAYMENTS . Q2-21 TOTAL COSTS AT € 2.3BN , + 16.6 % Y / Y ( + 9.8 % H / H AT € 4.6BN ) BALANCING COST DISCIPLINE AND SUPPORT TO BUSINESS GROWTH . ACCELERATED FTE REDUCTION WITH LOWER HR COSTS ON REVENUES . Q2-21 EBIT AT € 429M , + 32.0 % Y / Y ( + 37.1 % H / H AT € 1.0BN ) SUPPORTED BY INSURANCE PRODUCTS , MAIL & PARCEL GROWTH AND CARD PAYMENTS . Q2-21 NET PROFIT AT € 326M , + 36.4 % Y / Y ( + 41.8 % AT € 773M ) WITH A DIVERSIFIED STRATEGY CONTINUING TO DELIVER . TFAs AT € 576BN IN LINE WITH 24SI TARGET FOR FY - 21 , DRIVEN BY € 5.8BN NET INFLOWS AND BOOSTED BY LIFE INSURANCE MULTILCASS PRODUCTS . Poste Italiane Q2 & H1 2021 Group Results Press Release