2019 Half year

HIGHLIGHTS

5.5

bn €

Total revenue

1,081

mln €

Operating profit

763

mln €

Profit for the period

230

mln €

Capex

Operating results

The performance in the first half of 2019 has resulted in consolidated operating profit of €1,081 million, an increase of 2.6% compared with the same period of the previous year (€1,053 million). 

 

FINANCIAL REVIEW

(€m)1H 20191H 2018Increase/ (Decrease)
Revenue 5,521 5,430 92 1,7%
of which:        
Mail, Parcel & Distribution 1,755 1,761 (5) -0,3%
Payments, Mobile and Digital 306 280 26 9,4%
Financial Services 2,665 2,704 (40) -1,5%
of which gross capital gains 261 404 (142) -35,3%
Insurance Services 795 685 111 16,2%
Costs 4,060 4,105 (45) -1,1%
of which:        
Total personnel expenses 2,833 2,846 (13) -0,4%
of which personnel expenses 2,823 2,826 (2) -0,1%
of which early retirement incentives 9 19 (11) -54,8%
of which disputes and other extraordinary items 1 1 0 25,8%
Other operating costs 1,227 1,259 (33) -2,6%
EBITDA 1,462 1,325 137 10,3%
Depreciation, amortisation and impairments 381 272 109 40,2%
EBIT 1,081 1,053 28 2,6%
EBIT margin 19,6% 19,4%    
Finance income/(costs) 18 22 (4) -17,0%
Profit before tax 1,099 1,075 24 2,2%
Income tax expense 336 340 (4) -1,2%
Net profit 763 735 28 3,9%
Earnings per share 0,59 0,56 0,02 4,3%

 

 

GROUP - REVENUE BY OPERATING SEGMENT 
(DATA IN MILLIONS OF EURO)

GRUPPO - RICAVI PER SETTORE OPERATIVO

 

The Group’s total revenue of €5.5 billion is up €92 million (1.7%) compared with the first half of 2018. This reflects the positive contribution of the Insurance Services Strategic Business Unit, which contributed €795 million to total revenue.

 

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