La Poste reports 4.5% revenue growth and strong GeoPost performance

La Poste reports 4.5% revenue growth and strong GeoPost performance

La Poste has reported that its operating revenue for the first half of 2015 was €11,459m, up 4.5% on last year, and its operating profit was up by more than 44% to €616m. Revenue increased for all business units, said La Poste, with “particularly dynamic growth” in express activities (through GeoPost) and the banking sector.

The Services-Mail-Parcels business unit generated overall revenue of €5,757m, up 0.6% on last year’s performance, and operating profit rose by 65% to €508m. Mail revenue remained stable (+0.2%) at €4,732m.

La Poste commented: “Rapidly declining addressed mail volumes (-7%) were offset by the price increase that took effect on 1 January 2015 (+7% on average, under the multi-annual framework defined with ARCEP) as well as by an active innovation policy.”

Revenue for the Parcels business rose by 2.2% to €770m, and La Poste said this was mainly due to a “favourable price/product mix effect”.

La Poste added: “The subsidiaries positioned in the logistics (Viapost Services) and in the unaddressed advertising material delivery markets (Mediapost), recorded a 2.1% increase in revenue, to €256m, in line with their strategy to win back market share, and despite a tense competitive environment in unaddressed advertising in France.”

Asendia, La Poste’s joint venture with Swiss Post, achieved revenue of €236m, up 9.6% on last year.

GeoPost has continued to show strong growth, with revenue for the first half of 2015 up by 16.5% to €2,693m. The UK and Poland were among the top performers, with revenue growth of 24% and 16% respectively. GeoPost’s operating profit was up by almost 35% to €171m.

Commenting on GeoPost’s performance, La Poste added: “The first half of the year was characterised by the implementation of a new brand identity (DPD Group), the development of handling capacities and the expansion of delivery solutions (development of the pick-up and drop-off network, making the Predict option a more widespread offering and roll-out of weekend delivery in certain countries).”

La Poste also highlighted the expansion of GeoPost’s strategic partnership with PostNord.

La Poste concluded its statement with a confirmation of its annual outlook: “For 2015, the Group anticipates around 3% revenue growth, an increase in its operating profit and a substantial improvement in cash generation.”

 

Relevant Directory Listings

Listing image

Escher

Escher powers the world’s first and last mile deliveries, helping Posts connect nearly 1 billion consumers with global ecommerce networks. Postal operators rely on Escher to deliver an enhanced retail and digital customer experience, to activate new revenue streams, and to realize new delivery economics. […]

Find out more

Other Directory Listings

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What’s the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



MER Magazine


The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a must-read for those who want the inside track on the industry.

 

News Archive

Pin It on Pinterest

Share This