bpost: second quarter 2018 results

Second quarter 2018 highlights

  • Operating income at EUR 928.4m, up 32.7%, driven by acquisitions and excellent Parcels growth.
  • Underlying Domestic Mail volume evolution at -4.1% driven by better Transactional Mail supported by easy comparable base (-9.9% in 2Q17 -3.2% in 2Q18) and specific mailings in the quarter.
  • Domestic Parcels organic volume growth at 25.8% (+25.5% for 2Q17) in line with guidance driven by strong e-commerce growth and continued positive trend in C2C. Price/mix effect of
    -6.2%, fully mix related.
  • International Parcels up EUR 4.3m, driven by higher revenues from the US and Europe.
  • Logistic Solutions up EUR 202.9m, mainly driven by the consolidation of Radial (EUR +196.1m).
  • Additional Sources of Revenues (up EUR 15.6m) driven by the acquisitions of Imex and M.A.I.L., Inc. in International Mail
  • Phasing of costs in line with FY18 trajectory, organic costs under control. Excluding one-offs (EUR +4.5m net), organic cost base impacted by growth of Domestic Parcels for EUR +8.3m and transport cost linked to evolution of international activities.
  • Lower EBITDA as expected at EUR 140.4m, impacted by higher organic costs.
  • Net profit of bpost SA/NV under BGAAP up EUR 6.1m to EUR 82.6m.
  • 2018 outlook and back-loaded trajectory confirmed: normalized EBITDA at the low end of the EUR 560-600m range; dividend at least EUR 1.31.
Investors 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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