bpost: fourth quarter 2017 results

Fourth quarter 2017 highlights

  • Operating income (revenues) at EUR 955.1m (+38.3%) explained by the excellent Parcels revenues driven by end of year sales and the positive impact of the consolidation of Radial (1.5 month) compensating Domestic Mail evolution.
  • Domestic Mail underlying volume trend at -6.4% (-5.8% for the year 2017). Increased e-substitution for the quarter in transactional mail partly compensated by positive volume trend in advertising mail.
  • Continued excellent Domestic Parcels volumes growth at +30.8% (+28.2% for the full year), driven by boosting e-commerce and online C2C product offering during the year-end peak. Price/mix effect of -6.9%.
  • Logistic Solutions up EUR 237.2m, driven by the consolidation of Radial and Dynagroup.
  • Additional Sources of Revenues increasing with EUR 44.8m driven by the acquisition of Ubiway.
  • Costs (EUR +269.9m) are influenced by acquisitions and year-end peak.
  • EBITDA up EUR 9.9m to EUR 151.4m including Acquisitions.
  • Net profit of bpost SA/NV (BGAAP) for the full year came in at EUR 291.0m.
  • Proposed total dividend of EUR 1.31 gross per share based on 2017 results, composed of an interim dividend of EUR 1.06 (paid in December 2017) and a final proposed dividend of EUR 0.25, subject to the approval of shareholders.
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.

Centre Monnaie, 1000 Brussels