Austrian Post: “Mail decline more than offset by parcel growth”
Austrian Post has reported a revenue increase of 2.1% to €1,404.7m for the first three quarters of 2017, as the 2.2% mail decline was “more than offset” by a 17.8% parcel growth.
The 2.1% revenue growth figure reflects the position when the subsidiary trans-o-flex (which was sold in April 2016) is taken out of the 2016 figures. The revenue of the Mail & Branch Network Division was €1,054.6m.
Operating earnings (EBIT) were up 3.3% €139.9m.
In a statement issued today (15 November), Austrian Post CEO Georg Pölzl, said: “We are very satisfied with the business development in the first nine months, which was mainly driven by dynamic parcel growth. We succeeded once again in asserting our strong market position in this highly competitive market due to the outstanding quality of delivery and the broad offering of individual customer solutions. The solid earnings development is proof that our strategy of more intensively exploiting synergies in our mail and parcel delivery operations is the right approach.”