Successful peak execution and productivity gains across businesses drive resilience amid revenue pressures in North America.

Strong Asian volumes mitigate soft market backdrop in Belgium and Eurasia.

CEO quote

Chris Peeters, CEO of bpostgroup: “I am proud of the dedication and commitment of our teams across the globe, which led to the successful execution of the end-of-year peak. Our collective effort and resilience enabled us to achieve both our initial and reinstated financial guidance, despite encountering various obstacles along the way.

​​We are ready to embrace the future with optimism. We have some important challenges ahead, as achieving agreements with the governmental services on last year’s compliance audits and working towards a positive outcome for the future of press distribution in Belgium together with the Belgian editors.

​​In the meantime, I also want to focus on the things we fully control: increasing our quality, our customer centricity and speeding up the digitization and innovation within the group. A major transformation is necessary to strengthen our company for the future and that is our priority in the next months and years.”

CEO first observations and Strategic initiatives

Initial observations underpin the need for a large-scale transformation of the company in order to address the challenges posed by managing a declining historic business which is currently insufficiently compensated by recent diversification efforts.

The ambition is to become a regional leader in the parcel-size logistics market, in Belgium leading the B2C and parcel-sized B2B logistics, and internationally as a leading Third-Party Logistics (3PL) player, focused on defendable high value market segments, while managing the historical business for profit.

This ambition will be further developed in the coming months. The vision for bpostgroup and the strategy to be pursued will be validated with the Board of Directors in the coming months and communicated by year-end.

Read More

Source: bpostgroup