bpost: third quarter 2016 results

Third quarter 2016 highlights

  • Operating income (revenues) at EUR 538.1m, down 2.3%, driven by solid growth in Parcels revenues offset by the anticipated lower SGEI compensation and Domestic Mail.
  • Underlying Domestic Mail volume decline at -5.9% (-4.7 % for 3Q15). Continued strong performance in advertising offset by transactional mail and press.
  • Continued double-digit domestic Parcels volume growth of +12.7% (+13.5% for 3Q15) driven by growth in e-commerce and C2C. Improved price/mix effect of -1.8%.
  • International Parcels up EUR 4.1m, supported by positive contribution from acquisitions but continued volume loss to China.
  • Additional Sources of Revenues driven by Value Added Services.
  • Cost savings on track with normalized costs down EUR 8.5m, fully absorbing salary indexation and new CLA. Underlying productivity improvements of 604 FTE (average reduction).
  • Excluding SGEI, normalized EBITDA up EUR 2.9m at EUR 110.1m demonstrating that our operating model continues to work.
  • Normalized net profit of bpost SA/NV under BGAAP down only EUR 0.8m at EUR 50.5m.
  • Outlook for 2016 reconfirmed: on track and confident to deliver our full year guidance.

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