bpost: second quarter 2017 results
Monday 7 August 2017Second quarter 2017 highlights
- Operating income (revenues) at EUR 699.6m, up 18.2%, driven by excellent Parcels performance and acquisitions.
- Underlying Domestic Mail volume evolution at -6.7% impacted by tough comparables (-3.8% for 2Q16) and increased e-substitution in Transactional Mail. Strong positive Advertising mail volume trend.
- Outstanding Domestic Parcels volumes up 25.5% (+18.3% for 2Q16) driven by strong e-commerce growth, new customers and continued positive trend in C2C. Price/mix effect of -6.6%, fully mix related.
- International Parcels up EUR 13.1m, supported by positive contribution from the acquisitions and increase in flows from Asia and Europe.
- Additional Sources of Revenues (up EUR 70.6m) driven by the acquisition of Ubiway.
- Organic costs evolution on track. Opex increase explained by the acquisitions for EUR +107.5m. Transport costs increased in line with positive international business evolution.
- EBITDA perfectly in line with last year and with guidance.
- Net profit of bpost SA/NV under BGAAP at EUR 76.5m.