bpost: fourth quarter 2016 results

Fourth quarter 2016 highlights

  • Normalized operating income (revenues) at EUR 690.7m (+7.4%) thanks to excellent Parcels revenues driven by end of year sales and the positive impact of the consolidation of Ubiway (1 month) compensating Domestic Mail evolution.

  • Domestic Mail underlying volume trend at -6.4% (-5.0% for the year 2016). Tough comparables for the quarter in transactional and advertising mail, but stable full year underlying mail trend at -5.0%.

  • Excellent Domestic Parcels volumes growth at +21.7% (+17.1% for the full year), driven by boosting e-commerce, very strong trend in C2C and first visible results of DPDHL B2C non-exclusive partnership. Price/mix effect of -3.4%.

  • International Parcels up EUR 13.1m, driven by positive contribution from acquisitions and increase in flows from US, partially offset by continued volume loss to China.

  • Additional Sources of Revenues driven by Value Added Services and financial revenues.

  • Costs (EUR -0.4m) excluding Ubiway slightly down and well under control. Productivity improvements of 699 FTE and interims for the quarter.

  • Normalized EBITDA up EUR 4.4m to EUR 141.5m.

  • Normalized net profit of bpost SA/NV (BGAAP) for the full year came in at EUR 286.5m.

  • Proposed total dividend of EUR 1.31 gross per share based on 2016 results, composed of an interim dividend of EUR 1.06 (paid in December 2016) and a final proposed dividend of EUR 0.25, subject to the approval of shareholders.

Investors Results
About bpost

About bpost group 

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 2020 bpost generated a turnover of EUR 4,154.6 million.


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