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

About bpostgroup 

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 2022 bpost generated a turnover of EUR 4,397.5 million.

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