Austrian Post: Earnings Improvement in Q1-3 2006
Austrian Post: Earnings Improvement in Q1-3 2006
Revenues +3.0%, EBIT +26.5%
– Group revenues up 3.0% to EUR 1,271.1m
– Solid revenue development in all divisions (Mail: +1.9%, Parcel & Logistics +8.6%, Branch Network +5.2%)
– Successful acquisitions in 2006 ( Kolos/Slovakia, Wiener Bezirkszeitung/Austria, Weber Escal/Croatia, trans-o-flex/Germany)
– Earnings before interest and tax (EBIT) up 26.5% to EUR 93.7m
– Operating cash flow remains strong: +3.4% to EUR 193.6m
– Upward revision of earnings forecast for 2006: EBIT increase of 15% to 20% expected
The first three quarters of the 2006 financial year developed very favourably for Austrian Post. Both revenues and earnings perceptibly improved in Q1-3 2006 compared to the same period in the previous year. Revenues climbed 3.0% to EUR 1,271.1m, whereas earnings before interest and tax (EBIT) for the Austrian Post Group rose to EUR 93.7m, or 26.5% above last year’s level. The share price also developed quite positively, considerably surpassing the performance of various comparable indices.
