Poste Italiane Aims to Achieve 'Danish Compromise' through Reorganization, Potentially Boosting Financial Performance

Poste Italiane is working on a major reorganization to achieve industrial and capital benefits by taking advantage of the Danish Compromise, a European accounting rule. The plan aims to obtain financial conglomerate status for Poste Italiane, subject to certain requirements. The reorganization could help accelerate the company's "Connecting Platform" business plan, which integrates all financial and insurance services on a single platform. The company is expected to present its first half-year results, with estimated revenues of around EUR3.21 billion and adjusted EBIT of EUR790 million.

Poste Italiane, Italy's leading postal and financial services provider, is in the midst of a significant reorganization aimed at achieving industrial and capital benefits. The company is leveraging the Danish Compromise, a European accounting rule, to pursue financial conglomerate status. This move is expected to accelerate the implementation of its "Connecting Platform" business plan, which integrates financial and insurance services onto a single platform.

The reorganization plan comes as Poste Italiane prepares to release its first half-year results. Estimated revenues for the period are around EUR3.21 billion, with an adjusted EBIT of EUR790 million [1]. This strategic shift is designed to enhance Poste Italiane's competitive edge in the digital payments sector, where it faces stiff competition from global players such as Apple, Google, and PayPal.

A key aspect of Poste Italiane's reorganization is the potential acquisition of PagoPA, the Treasury-owned digital payments platform. Under a plan drafted last year, Poste Italiane would take a minority stake in PagoPA to bolster its payments business. However, negotiations hit a snag over the valuation of PagoPA, with Poste and the mint questioning a price tag of 500 million euros ($581 million) determined by a Treasury adviser [2]. Despite these challenges, the parties are now seeking to finalize a deal in September.

The reorganization is also set to impact Poste Italiane's financial structure and operations. By obtaining financial conglomerate status, the company aims to streamline its operations, reduce costs, and improve overall efficiency. This status could also provide access to new funding opportunities and enhance Poste Italiane's market position.

Investors and financial professionals should closely monitor Poste Italiane's progress in implementing its reorganization plan. The company's ability to successfully integrate its various services onto a single platform and secure the PagoPA acquisition could significantly impact its financial performance and market standing.

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3TF16L:0-italy-factors-to-watch-on-july-22/
[2] https://finance.yahoo.com/news/italy-asks-poste-state-mint-111826841.html