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bpost: first quarter 2017 results

First quarter 2017 highlights

Operating income (revenues) at EUR 764.0m ( (+)26.4%) driven by excellent Parcels growth and acquisitions and supported by resilient Domestic Mail.

Resilient Domestic Mail underlying volume trend at -4.7% (-5.0% for FY16) driven by strong and positive Advertising Mail volume trend.

Excellent Domestic Parcels performance with volume up +$.5% (+.1% for FY16), driven by e-commerce and C2C. Price/mix effect of -3.4%, fully mix related.

International Parcels up EUR 11.4m driven by positive contribution from acquisitions and increase in flows from China and the US. Continued volume loss to China.

Additional Sources of Revenues (up EUR 117.1m), driven by the acquisition of Ubiway.

Organic cost evolution on track. Operational expenditure influenced by acquisitions for EUR +3.0m. Increase in transport cost in line with positive international business evolution.

EBITDA up EUR 1.1m at EUR 176.9m fully in line with our guidance.

Net profit of bpost SA/NV under BGAAP up EUR 4.3m at EUR 94.3m.

2017 outlook maintained.

Source: bpost

 
   
         
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