bpost: first quarter 2017 results
Wednesday 3 May 2017First 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.