Austrian Post reports 4% increase in Q1 revenues
Austrian Post has announced that its revenues for the first quarter (Q1) of 2017 were €488.7m. When the results are adjusted to take into the account the sale of the subsidiary trans-o-flex in April 2106, this equated to a revenue increase of 4.0%.
According to a statement issued today (12 May) by Austrian Post: “This positive development was strongly influenced by seasonal effects. There were two additional working days in a year-on-year comparison, and the late Easter holidays had a very positive impact on first-quarter direct mail and parcel revenue.”
The “season effects” played their part in boosting the revenues for the Mail & Branch Network Division by 5% to €372.4m.
When adjustments are made for the trans-o-flex sale, the Parcel & Logistics Division generated revenue growth of 17.2%.
Georg Pölzl, CEO of Austrian Post, commented: “We are very satisfied with the first-quarter revenue and earnings development, although the increase was mainly driven by seasonal effects. The basic volume development trends are continuing, with letter mail declining as a result of electronic substitution and the parcel business profiting from the dynamic growth of the online shopping market. We are striving to achieve a stable development with respect to both revenue and earnings for the entire 2017 financial year.”
