2015 Annual Results of Group La Poste

2015: A Rebound Year

  1. Operating revenue: €23,045 million, up 4.0% (+2.5% at constant scope and exchange rates)
  2. Operating profit1: €875 million, up 21.6% (+.3% at constant scope and exchange rates)
  3. Net profit Group share: €635 million, up 23.9% (+.0% at constant scope and exchange rates)
  4. Economic health indicator2: €498 million, a significant improvement (+€610 million, supported by non-recurring items)
  5. Net debt3: €3,657 million, a €348 million improvement
  6. Stronger Group financial structure, with “net debt/equity” ratio4 at 0.38 (vs 0.44 in 2014)

The Board of Directors of La Poste met on Tuesday, 23 February 2016, under the chairmanship of Philippe Wahl, and approved the Group's consolidated financial statements for the year ended 31 December 2015.

Throughout 2015, Le Groupe La Poste continued its transformation by activating all the levers of its strategic plan “La Poste 2020: Conquering the Future”. Developing all of the business units led to a 4% increase in consolidated revenue in an economic environment that remains difficult due to rapidly declining mail volumes (-6.5%), dwindling post office visits and persistent, historically low interest rates. Operating profit rose 21.6% due to major cost control efforts. Cash generation has become positive. This solid performance
reflects the daily dedication and commitment of all the Group’s employees.

Throughout the year, the Group continued its dynamic development by positioning itself in new markets (immediate urban delivery, fresh and frozen food transportation) while bolstering synergies between its business units, particularly through the launch of five shared high-priority projects5. Furthermore, the Group has stepped up its digital transformation (launch of household letterbox shipping and collection service, French IOT programme6, etc.) With regards to La Poste employees, eight agreements were signed in 2015, including a majority agreement called “A future for each employee”, demonstrating the willingness to include the Group’s employees in the transformation of the coming years.

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Source: Le Groupe La Poste

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