bpost: first quarter 2018 results

First quarter 2018 highlights

  • Operating income (revenues) at EUR 916.2m (+27.0%) driven by acquisitions and continued strong Parcels growth, partly offset by declining Domestic Mail revenues.
  • Domestic Mail underlying volume trend at -6.6% (-5.8% for FY17 and -4.7% in 1Q17) driven by a weak quarter in advertising mail and continued e-substitution.
  • Outstanding growth in volumes of Domestic Parcels +28.3% (+28.2% for FY17), driven by thriving e-commerce and C2C. Price/mix effect of -6.1%, fully mix related.
  • Logistic Solutions up EUR 198.0m, mainly driven by the consolidation of Radial.
  • Additional Sources of Revenues (up EUR 6.8m), driven by the acquisition of Imex and M.A.I.L., Inc.
  • Costs influenced by acquisitions for EUR +212.5m. Organic cost increase mainly in payroll & interim impacted by higher parcels volumes, wage drift and higher absenteeism, as well as in transport, rent and project related costs.
  • EBITDA down EUR 36.8m to EUR 140.2m in line with guidance.
  • Net profit of bpost SA/NV under BGAAP down EUR 22.1m to EUR 72.3m.
  • 2018 outlook: normalized EBITDA at the low end of the range due to mail volume decline, absenteeism and productivity in parcel sorting; dividend at least € 1.31
Investors Results
About bpost

bpost is Belgium’s leading postal operator and a parcel and e-commerce logistics provider in Europe, North-America and Asia. We deliver mail and parcels to millions of doorsteps and provide logistic services to businesses and consumers. With over 34,000 employees in Belgium and across the globe, bpost's total operating income amounts to 3,837.8 million EUR, while reducing our impact on the environment and the communities around us.

bpost
Centre Monnaie, 1000 Brussels