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 +24.5% (+17.1% 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 +153.0m. 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.

Results
About bpost

About bpost group 

bpost is Belgium’s leading postal operator and a growing parcel & omni-commerce logistics partner in Europe, North-America and Asia. Our 36,000 employees in Belgium and across the globe connect consumers, businesses and government, by delivering mail and parcels to millions of doorsteps and providing e-commerce logistics services. As a people- and planet-friendly company we create long-term sustainable value for our customers and shareholders. In 2020 bpost generated a turnover of EUR 4,154.6 million.


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