bpost: third quarter 2017 results

Third quarter 2017 highlights

  • Operating income (revenues) at EUR 647.6m, up 20.4%, driven by very strong growth in Parcels and acquisitions partly offset by lower Domestic Mail revenues in line with guidance.
  • Underlying Domestic Mail volume decline at -5.3% as expected (-5.9% for 3Q16). Continued e-substitution but overall underlying volume trend in line with guidance.
  • Very strong Domestic Parcels volume growth of +32.8% (+12.7% for 3Q16) driven by strong e-commerce growth and C2C. Price/mix effect of -7.1%, fully mix related. 
  • International Parcels up EUR 9.1m, mainly driven by increase in flows from Asia.
  • Additional Sources of Revenues (up EUR 66.4m) driven by the acquisition of Ubiway.
  • Organic cost evolution on track. Opex increase explained by the acquisitions for EUR 103.3m. Transport costs increased in line with positive international business evolution.
  • EBITDA perfectly in line with last year and guidance at EUR 110.3m. 
  • Net profit of bpost SA/NV under BGAAP up by EUR 1.5m at EUR 52.0m.
  • Outlook for 2017 reconfirmed: on track and confident to deliver our full year guidance.
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