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bpost: third quarter 2017 results

Wednesday 8 November 2017

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.
Results
About bpost

About bpostgroup 

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 2023 bpost generated a turnover of EUR 4,272.2 million.

 

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