21st Austria weekly - Austrian Post Polytec Do&Co 12/08/2021 [pic1]Austrian Post: Post s Group revenue rose by 28.4 % in the first half of 2021 to Euro 1 260.4 mn. In half-year Parcel & Logistics Division reported an ongoing upward trend accounting for 49.4 total revenue. EBITDA 64.3 184.5 mn whereas EBIT has more than doubled increasing 114.5 year-on-year 103.4 profit period equalled 84.2 mn compared 39.1 2020. Earnings per share current reporting was 1.18 up from 0.66 prior-year period. Post revised its expectations full year upwards based on strong results generated half-year. spite uncertainty letter mail and direct business including Turkish subsidiary Aras
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
EANS-News:ÖSTERREICHISCHE POST Q1 2021: Verbesserte Umsatz- und Ergebnisentwicklung im ersten Quartal mittelstandcafe.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mittelstandcafe.de Daily Mail and Mail on Sunday newspapers.