bpost: second quarter 2015 results

Second quarter 2015 highlights

  • Operating income (revenues) at EUR 597.6m, down 2.6%, due to elections in 2014, lower SGEI compensation, management's decision to curtail some International Mail activities but also due to a bad performance in Advertising Mail. However, very strong parcels growth.
  • Underlying Domestic Mail volume decline at -6.1% (-5.1% for 2Q14) due to Advertising Mail.
  • Domestic Parcels volumes up 12.6% (+4.7% for 2Q14) driven by strong e-commerce growth and continued positive trend in C2C. Negative price/mix effect of -3% but to a lesser extent than in the first quarter of 2014.
  • International Parcels up EUR 9.3m, driven by organic growth from US, positive FX contribution and good milk powder volumes to China.
  • Additional Sources of Revenues mainly impacted by the curtailment of the very low margin International Mail business, while overall profitability improved.
  • Costs (excluding one-offs and transport) down EUR 14.0m, perfectly under control with strong productivity improvement (average FTE reduction of 829).
  • EBITDA down EUR 3.8m, of which elections EUR -4.6m and SGEI impact EUR -4.2m, while our operating model continues to work.
  • Net profit of bpost SA/NV under BGAAP only down EUR 0.4m at EUR 83.8m.
Investors Results
About bpost

About bpostgroup 

bpostgroup is a leading logistics expert, active in Europe, North-America and Asia. Whether it's as a parcel-sized last mile partner with mail products in Belgium and the Netherlands, a specialized operator in the high value logistics markets or through our leading cross-border network: we excel through quality. bpostgroup puts innovation, digitalization, customer centricity upfront in its approach. Headquartered in Belgium and powered by 40.000+ employees worldwide, we connect millions of people and businesses every day.  As a people- and planet-friendly company we create long-term sustainable value for our customers and shareholders. In 2024, bpostgroup generated a total operating income of EUR 4,341.3 million.

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