Austrian Post reports €953.7m revenues for H1 2017

Austrian Post hass reported that it achieved revenues of €953.7m for the first half (H1) of the current financial year. When adjustments are sale of the subsidiary trans-o-flex in April 2016, this equates to an increase of 1.9 %.

In a statement issued today (10 August), Austrian Post said: “Revenue in the mail business was down only slightly from the prior-year level although the trend towards electronic substitution of traditional letter mail continued. In turn, the parcel business generated substantial growth.

“Austrian Post profited from dynamic market growth and the ongoing online shopping trend.

“On the basis of the solid revenue development combined with strict cost discipline, operating earnings (EBIT) totalled EUR 102.2m, comprising a year-on-year rise of 3.6 %.”