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

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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