bpost: third quarter 2015 results

Third quarter 2015 highlights

  • Operating income (revenues) at EUR 550.5m thanks to improved Domestic Mail performance and solid Parcels contribution but down -3.3% due to lower SGEI compensation and management's decision to curtail some International Mail activities, with positive EBIT impact.
  • Improved Underlying Domestic Mail volume trend at -4.7% (-5.7% for 1H15) driven by pick up in Advertising Mail and better performance in Press.
  • Excellent Domestic Parcels volumes growth up 13.5%, best quarterly performance to date against an already very strong quarter last year (+10.3%) still driven by strong e-commerce growth and continued positive trend in C2C. Negative price/mix effect of -3.1%.
  • International Parcels up EUR 4.2m, with continued organic growth from US and positive FX contribution, but slower growth from and to China.
  • Continued impact of the curtailment of the International Mail business in Additional Sources of Revenues while overall profitability improved.
  • Significant cost savings (EUR -28.4m, excluding one-offs) and strong productivity improvement (average FTE reduction of 854).
  • Normalized EBITDA up EUR 9.6m. Reported EBITDA impacted by Alpha social plan restructuring provision of EUR 54.5m.
  • Normalized net profit of bpost SA/NV under BGAAP up EUR 4.7m at EUR 51.3m.
Investors 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