|Bid||8.55 x 1000000|
|Ask||8.62 x 1000000|
|Day's Range||8.47 - 8.53|
|52 Week Range||7.78 - 12.64|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Net income at Italy's Poste Italiane rose 44% in the second quarter to 469 million euros, mainly thanks to strong growth in the payment and mobile division and cost-cutting in the mail and parcel segment, the company said on Thursday. Poste said it expects to report an operating profit of 2 billion euros in 2022, up from 1.85 billion euros last year.
Italian mail group Poste Italiane launched an energy supply business for its employees, two sources told Reuters on Thursday, a first step before extending the new line to the general public. Poste, now a conglomerate whose services range from digital payments to mobile services, said in May it would enter the energy sector by the end of the year, with an offer based exclusively on renewable sources. Poste Italiane aims to be among the top five energy providers in Italy by 2024, the company said in March.
Poste Italiane said on Monday it had agreed to acquire LIS Holding S.p.A. from International Game Technology Plc for a total consideration of 700 million euros ($781.20 million) to boost its exposure to the fast growing payments market. The acquisition, based on an enterprise value of 630 million euros and net unrestricted cash for 70 million euros, will be fully funded with available cash resources, Italy's postal service said in a statement. The deal, whose closing is expected by the third quarter of this year, is also meant to consolidate the growth of Poste's digital services unit PostePay in the so-called proximity payment business, which refers to payments done via mobile phone at physical points of sale, and boost its product offering.