bpost: first quarter 2019 results

First quarter 2019 highlights

  • 1Q19 in line with expectations, on track for 2019 outlook
  • Group operating income at EUR 906.8m (-1.1%)
  • Group normalized EBIT at EUR 95.8m, representing an EBIT margin of 10.6%
  • Mail & Retail
    • Total operating income at € 527.5m (-1.8%) driven by vigorous mail volume decline
    • Underlying mail volume decline at -9.2% mainly driven by Transactional and Press
    • Normalized EBIT at EUR 92.6m (17.6% EBIT margin) mainly impacted by mail volume decline and wage drift
  • Parcels & Logistics Europe & Asia
    • Total operating income at € 196.8m (+8.0%) driven by Parcel BeNe up 11.1%
    • Parcel BeNe volume growth at +16.9% driven by e-commerce
    • Normalized EBIT at EUR 18.0m (9.1% EBIT margin): solid margin improvement with volume growth only partly offset by higher costs
  • Parcels & Logistics North America
    • As anticipated, total operating income at € 228.5m (-5.2%) mainly impacted by Radial customer churn and repricing
    • Normalized EBIT at EUR -7.8m (-3.4% EBIT margin) mainly impacted by client churn & repricing in line with expectations
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