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

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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