bpost: second quarter 2016 results

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
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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