bpost revenues up 20%

bpost has reported revenues of €647.6m for the third quarter (Q3) of 2017, up 20.4% from last year.

In a statement issued today (8 November), bpost said that the revenue was “driven by very strong growth in Parcels and acquisitions partly offset by lower Domestic Mail revenues in line with guidance”.

Underlying domestic mail volume declined by 5.3%. In contrast, domestic parcel volumes grew by 32.8%. and international parcels were up €9.1m, mainly driven by increase in flows from Asia.

Koen Van Gerven, bpost CEO, said: “Over the third quarter, we realized a very strong growth in domestic parcels driven by booming e-commerce.

“Our new sorting centre in Brussels, which allows us to double our parcel sorting capacity, is now fully operational to absorb the year-end peak.

“International parcels continued to grow on the back of increasing cross-border e-commerce while our new acquisitions continue to contribute.

“Domestic Mail evolution was in line with our full year guidance and organic costs remained under strict control.

“I confidently reconfirm our full year guidance of realizing the same operating result and paying out the same dividend in 2016.”