bpost outlines strategic direction for the next 5 years
bpost is hosting a capital markets day in Antwerp today (15 November) to outline its strategic direction for the coming five years. During the plenary sessions, bpost CEO Koen Van Gerven, along with other members of the executive committee, will elaborate on the strategic priorities for the years to come.
In a statement to Post&Parcel today, bpost said these priorities included:
We are mail. We promote and defend our core mail business.
We grow. Growth is our future. We want to set the pace for parcels in Belgium and abroad, and we want to further build out our convenience and proximity offering.
We are lean, agile and flexible. We are focused, fast moving and responsive in our way of working.
We are @ core. Our employees are our most important asset while we create value for the society at large.
These strategic priorities will support the achievement of our medium-term value and financial objectives. Key elements include: Domestic parcels:
In terms of practices goals, bpost said that in the domestic parcels business it wants to achieve profitable volume growth of at least +75% by 2020 from the 2015 base. For international parcels, bposts want to at least double our revenues by 2020 from the 2015 base.
The company also aims to achieve at least €620m EBITDA by 2020, “supported by a growing revenue base, stringent cost control and accretive contribution of mergers and acquisitions already announced including Lagardère Travel Retail”.
Koen Van Gerven commented: “bpost’s profound transformation over the past decade demonstrates that we are “Always on the move” to bring our clients closer and to make their lives easier. It all started with mail, which will continue to play an important role in our company’s future. Meanwhile we have adapted ourselves to respond to changing customer needs and we have built out a dynamic domestic and international parcels offering as well as innovative proximity and convenience services. Our ambition presented here today is built on four blue chips which will guide us in the years to come. Our new mid-term targets ensure that we will create significant and sustainable value for all our stakeholders.”
The plenary sessions, including Q&A, will start at 1.00pm CET and last until approximately 5.30pm CET. They can be followed via a live webcast on: http://corporate.bpost.be/investors/resultsreports-and-presentations/capital-markets-day/2016.
As previously reported, PostNL recently turned down a renewed merger proposal from bpost.
