“In the difficult market environment, Austrian Post performed solidly”
In the first half of 2025, Austrian Post generated revenue of €1,488.1 million, marking a slight decline of 1.1% compared to the previous year.
Turnover
- Revenue comparison impacted by positive effects from elections and currency in 2024
- H1 2025 revenue of EUR 1,488.1m, 1.1% below 2024 and 15.8% above 2023
- Mail and direct mail of EUR 582.7m (–5.9% compared to 2024 / –2.6% compared to 2023)
- Parcel & Logistics with EUR 817.0m (+1.5% compared to 2024 / +30.0% compared to 2023)
- Branch & Bank with EUR 94.5m (–1.2% compared to 2024 / +23.4% compared to 2023)
Result
- EBITDA of EUR 199.4m (–5.7% compared to 2024 / +5.5% compared to 2023)
- EBIT of EUR 94.0m (–11.0% compared to 2024 / -1.3% compared to 2023)
- Earnings per share from EUR 1.12 to EUR 0.99
Cash flow and balance sheet
- Operating free cash flow of EUR 160.9m (+9.3%)
- Equity of EUR 698.8m as of 30 June 2025 compared to EUR 682.0m (+2.5%) on 30 June 2024
Outlook for 2025
- Sales targeted at the previous year’s level
- Target unchanged: earnings (EBIT) expected to be in the region of EUR 200m
Following the strong increase in revenue in 2024 with some positive one-off effects, the first half of 2025 was characterised by challenging macroeconomic conditions in the mail and parcel market. The comparison with the first half of 2024 is affected by major elections in Austria and positive currency effects of the Turkish lira in the previous year. “In the difficult market environment, Austrian Post performed solidly, and I am particularly pleased with the positive earnings contribution of our bank99 for the first time,” said Walter Oblin, CEO of Austrian Post.
At EUR 1,488.1m, revenue in the first half of 2025 was 1.1% below the level of 2024 and 15.8% above 2023. In the Mail & Direct Mail Division, revenue declined by 5.9% compared with the first half of 2024 and by 2.6% compared with 2023, and was impacted by the structural decline in addressed letter mail volume due to electronic substitution, but also by the absence of the positive one-off effects of the previous year. In addition, a restrained investment climate and thus lower advertising expenditure by companies can be observed. In the Parcel & Logistics Division, revenue increased by 1.5% year-on-year compared to 2024 and by 30.0% compared to 2023. In the current reporting period, sales revenue developed positively in Austria (+5.2%) and Turkey (+2.6%). In the Southeastern and Eastern Europe region, there was a decline in sales revenues after the strong increase due to Asian volumes in the same period of the previous year. Business in Turkey continues to be significantly influenced by inflation and the exchange rate of the Turkish lira. The Branch & Bank division recorded a decline in revenue of 1.2% (+23.4% compared to 2023). A slight increase in branch services could not fully compensate for the decline in the financial services business due to the lower key interest rate level.
The previous year, which was driven by positive one-off effects, is also reflected in the earnings development: EBITDA fell by 5.7% to EUR 199.4m and earnings before interest and taxes (EBIT) fell by 11.0% to EUR 94.0m. A decline in earnings in the mail business and lower profitability in Southeastern and Eastern Europe as well as Turkey were offset by an improvement in earnings in the Branch & Bank Division. Founded in 2020, bank99 has made a positive contribution to the overall result with its approximately 300,000 customers in Austria. This resulted in net income for the period in the first half of 2025 of EUR 68.4m (–12.8%) and earnings per share of EUR 0.99, compared with EUR 1.12 in the same period of the previous year (–11.3%).
The year 2025 as a whole will continue to be characterized by economic uncertainties. Declining letter and advertising volumes are to be expected, as is growth in the parcel sector due to the positive underlying trends in e-commerce. At the same time, the development is characterized by changes in purchasing power and restrained consumption. Following the 13.9% increase in revenue in 2024 due to one-off effects, Austrian Post is targeting revenue in 2025 at the previous year’s level. In line with the revenue forecast, the target of achieving earnings (EBIT) in the region of EUR 200m in 2025 remains unchanged. “In the challenging environment, additional sales and cost steps are being taken to maintain our stability in 2025,” Walter Oblin concludes.
Based on the average investment needs of the past years, the required capital expenditure (CAPEX) for 2025 is expected to be between EUR 150 million and EUR 160 million. This includes replacement investments and investments to decarbonize logistics, as well as growth investments. With the finalization of the capacity expansion in Austria as well as the increasing focus on growth in Southeastern and Eastern Europe as well as Turkey, the company is providing clear impetus for the future. Another key focus is on the gradual conversion of the delivery fleet to e-mobility in Austria. The complete transformation of Austrian Post towards CO₂-free logistics on the last mile is to be completed by 2030 at the latest.
