October 2026
Largest Logistics & Air Freight Public Companies in Italy
Benchmark revenue and EBITDA valuation multiples for public comps like
Poste Italiane, Ferrari Group, Lindbergh and RT&L.
 | Poste Italiane is the Italian postal and financial services group, headquartered in Rome and listed on Borsa Italiana, where it is part of the FTSE MIB index. It runs mail, parcel and contract logistics, the BancoPosta financial services division, Poste Vita and Poste Assicura in insurance, PostePay in payments and mobile telephony, and asset management through BancoPosta Fondi. Cassa Depositi e Prestiti holds 35 percent of the capital and the Ministry of Economy and Finance 29.26 percent. The group has about 120,000 employees and a network of roughly 12,700 post offices, and reported revenue of EUR 13.1 billion and net income of EUR 2.2 billion for 2025. It has acquired companies and stakes in payments, logistics, insurance, data and asset management, including LIS, Plurima, Sourcesense and Net Insurance, and in 2026 it took control of the telecoms operator TIM through a public tender and exchange offer. | $28 | +14% | $44B | $109B | 4.2x | 23.4x | ||
| Ferrari Group is a global logistics and security services provider for jewellery, watches and other high-value goods. It was established in 1959 as a customs broker and forwarding company in Italy and is today a global network operator with revenues of EUR 348.8 million for the financial year ended 31 December 2024 and EUR 359.4 million in 2025. The group offers customs solutions, freight forwarding by air, ground transportation with its own fleet of armored and non-armored vehicles, security, quality control, after-sales services and in-house ICT tools. Its clients include global luxury brands, high-end watchmakers, jewellery manufacturers and distributors, diamond dealers and precious stones producers. The holding company, Ferrari Group PLC, is based in London and its shares were admitted to trading on Euronext Amsterdam in February 2025 after the Deiana family placed 25 percent of the capital privately for EUR 191.7 million. The group reported EBITDA of EUR 93.3 million in 2025 and in February 2026 bought the Brazilian agent Deltacorp. | $9 | -12% | $783M | $711M | 1.8x | 7.2x | ||
| Lindbergh is an Italian group that provides maintenance, repair and operations logistics for technical assistance networks, together with waste management and circular economy services and, since 2023, heating, ventilation and air conditioning services. It was founded in 2006 by Marco Pome, now chairman, and Michele Corradi, chief executive, and is based in Pescarolo ed Uniti in the province of Cremona. The company is listed on Euronext Growth Milan. Its logistics business runs a night-delivery network for service companies, and the group also operated in France until Lindbergh France was deconsolidated in 2024. In 2024 it reported revenue from sales and services of 23.54 million euros and EBITDA of 4.33 million euros. Through its subsidiary SMIT it has bought a series of Italian heating and air conditioning installers, among them Vergottini, EPS Energy.Pro.System, ITR, Termotecnica Monzese and Alpiclima, with the aim of building a national technical assistance and installation business for thermo-hydraulic systems. The group employed over 200 people in 2024. | $16 | +86% | $154M | $158M | 4.3x | 23.4x | ||
| RT&L is an Italian logistics group headquartered in Genoa that provides customs brokerage, project cargo and chartering, and general cargo freight forwarding services. It arranges international shipments by sea, air, road and rail for companies in many sectors, and handles complex loads such as oversized cargo for large industrial projects. Customs brokerage is its largest activity, at about 54 percent of net sales. The company listed on the Euronext Growth Milan market in December 2025 with a market capitalisation of 19 million euros at the offering. In July 2026 it agreed to buy LandS, a group of six maritime auxiliary service companies, in a reverse take-over completed in September 2026. The deal was financed partly by a 10 million euro facility from Anthilia Capital Partners. After the integration of LandS the group reports pro forma production value of about 27 million euros and EBITDA of about 3.7 million euros for 2025. | $4 | -- | $48M | $42M | 7.1x | 44.3x | ||
| Median | $12 | +14% | $468M | $435M | 4.2x | 23.4x |
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