bpost has released its first quarter 2021 results, revealing a strong start to the year driven by continued growth in Parcels & Logistics and lower than expected impact of mail volume decline.
First quarter 2021 highlights
Group operating income at EUR 1,019.9m, +9.1% compared to last year’s pre COVID-19 first quarter, driven by Parcels BeNe and E-commerce logistics growth in both Parcels & Logistics Europe & Asia and North America.
Group adjusted EBIT at EUR 115.5m (margin of 11.3%), up EUR 39.9m compared to prior year. Group reported EBIT at EUR 112.3m.
Mail & Retail
Total operating income at EUR 506.8m (+1.4%) driven by higher volume driven intersegment income related to parcels volumes, partially compensated by lower revenues in Retail and lower than expected impact of mail volume decline supported by a positive price/mix impact.
bpost : Les résultats de bpost au quatrième trimestre 2020 sont conformes aux attentes zonebourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zonebourse.com Daily Mail and Mail on Sunday newspapers.
bpost has said its fourth quarter 2020 results are in line with expectations, delivering on full year 2020 guidance through strong development in Parcels & Logistics and supported by solid last mile operations in Belgium.
Fourth quarter 2020 highlights
Group operating income at EUR 1,194.4m, +7.2% compared with the same period last year, fully driven by continued strong performance in Parcels & Logistics Europe & Asia and North America.
Group adjusted EBIT at EUR 60.5m (margin of 5.1%). Group reported EBIT at EUR -5.7m, due to EUR 62.1m of impairment charges on Press and Retail and International Mail.
Business mix shift is further evidenced through combined adjusted EBIT contributions of the Parcels & Logistics businesses (EUR 36.4m) exceeding Mail & Retail adjusted EBIT (EUR 34.3m) for the third consecutive quarter.
The Smart Port Network Ports are fundamental to the way in which the global economy operates, handling upwards of 90% of world trade.
As part of the Fourth Industrial Revolution there is accelerated investment in, and development of, smart ports with the aim of delivering significant reductions in the time and cost of handling ships and their cargoes through digital transformation.
While maritime logistics and port operations are experiencing ever more extensive digitalisation, what exactly is a âSmart Portâ?
For Lars Böddeker, Sales Director Transport & Logistics Europe, Advantech Service-IoT, a smart port is one in which, âprocesses are automated and connected using emerging technologies such as âBig Dataâ, the Internet of Things (IoT), artificial intelligence (AI), blockchain and other technologies that improve both the portâs performance and its competitiveness.â