bpost: second quarter 2016 results

Monday 8 August 2016

Second 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.

Results