bpost: second quarter 2016 results
Monday 8 August 2016Second quarter 2016 highlights
- Operating income (revenues) at EUR 591.9m, down 1.0%, driven by resilient Domestic Mail, excellent Domestic Parcels volumes and continued growth in International Parcels, offset by anticipated lower SGEI compensation.
- Resilient underlying Domestic Mail volume evolution at -3.8% (-6.1% for 2Q15) driven by good performance in the different portfolios.
- Excellent domestic Parcels volumes up 18.3% (+12.6% for 2Q15) driven by strong e-commerce growth and continued positive trend in C2C. Negative price/mix effect of -3.0% but better than in the first quarter of 2016.
- International Parcels up EUR 1.8m, supported by positive contribution from the acquisition strategy but impacted by lower volumes from and to China.
- Additional Sources of Revenues driven by the good performance of Solutions.
- Costs (excluding exceptionals) down EUR 6.6m and on track with productivity improvements of 707 FTE (average underlying reduction).
- EBITDA in line with last year (down EUR 0.3m) fully absorbing the reduced SGEI compensation.
- Net profit of bpost SA/NV under BGAAP down EUR 2.4m at EUR 81.4m.