bpost: second quarter 2017 results

Second 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.
Results
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