Austrian Post: Group Revenue climbed by 28 4% in the first six months of 2021 postandparcel.info - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from postandparcel.info Daily Mail and Mail on Sunday newspapers.
16.05.2021
Austrian Post: Austrian Post s Group revenue increased by 28.5 % in the first quarter of 2021 to Euro 646.1 mn. This was driven by a solid core business, as parcel growth has sufficiently offset the mail business decline, as well as due to the full consolidation of the Turkish company Aras Kargo. In the period under review, the Parcel & Logistics Division generated revenue of Euro 323.7 mn, slightly above the Mail Division revenue of Euro 311.0 mn for the very first time. Consistent implementation of the company s strategy made this structural change possible. The Retail & Bank Division also produced growth, reporting revenue of Euro 16.7 mn in the first quarter of 2021. bank99 has been offering its own range of financial services since April 2020. Austrian Post s earnings grew substantially year-on-year. Group EBITDA rose by 51.5 % to Euro 99.0m and EBIT was up by 79.2 % to Euro 59.8 mn.
Austrian Post has announced its Q1 2021 results revealing improved revenue and earnings.
Financial highlights
Positive parcel development in Austria, CEE/SEE and Turkey; mail business negatively impacted
Parcel volumes up by 33.5 % in Austria, +39 % in South East and Eastern Europe, +37 % in Turkey
Letter mail volumes –6 %, direct mail –8.5 %Q1 revenue increase of 28.5 % (+12.0 % organic growth) to EUR 646.1m
Structural change: Mail Division and Parcel & Logistics Division now have the same size
Mail –2.1 % to EUR 311.0m
Parcel & Logistics +85.5 % to EUR 323.7m
Retail & Bank +27.3 % to EUR 16.7m
Earnings increase driven by parcel growth
EBITDA +51.5 % to EUR 99.0m
EBIT +79.2 % to EUR 59.8m
Mail –3.0 % to EUR 45.5m
14.03.2021
Austrian Post: Austrian Post Group revenue rose by 8.3 % to Euro 2,189.2 mn in 2020. This revenue increase can be attributed to the good development in the parcel business (+44.4 %): while the Mail Division registered a disproportionately drop in revenue of 7.4 % related to COVID-19, the Parcel & Logistics Division managed to record further volume gains in the Austrian market (parcel volume +30 %), in South East and Eastern Europe (parcel volume +27 %) as well as in the newly consolidated Turkish market (parcel volume +37 %). In terms of earnings, a good fourth quarter also enabled the company to end 2020 on a conciliatory note. EBIT in 2020 amounted to Euro 160.6 mn, down by 19.9 % from Euro 200.6 mn in 2019. The start-up costs of bank99 in the Retail & Bank Division, which was launched in April 2020, accounted for a substantial share of the decline. On the basis of Austrian Post s solid performance and balance sheet strength, it will be proposed to the Annual Genera