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
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