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.
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.

bpost
Centre Monnaie, 1000 Brussels