Austrian Post reports Q1 results

Austrian Post reports Q1 results

Austrian Post has reported that  a 12.9% growth in parcel revenue for the first quarter (Q1) of 2018 compensated for a 3.5% decline in its mail business.

Overall revenue was up by 0.4% to €490.6m, of which the Parcel & Logistics Division generated €132.2m and the Mail & Branch Network Division accounted for €359.6m.

EBIT increased 4.3% to €56.7m. According to Austrian Post, this was due to “good revenue development combined with strict cost discipline”. The postal operator added: “The intensification of logistics synergies between the Mail & Branch Network and Parcel & Logistics divisions also had a positive impact on the company’s performance.”

Commenting on the parcel revenue growth, Austrian Post Georg Pölzl said: “We are optimistic that we will be able to continue maintaining our strong position in this highly competitive market thanks to our outstanding quality of delivery and a broad offering of individual customer solutions.

“Moreover, we launched a capacity expansion programme that will enable us to handle the steep increase in parcel volumes in the future.”

The company also used today’s statement about the Q1 results to highlight a change to its services.

According to the statement: “Austrian Post is expanding its product portfolio effective July 1, 2018 by introducing a new letter mail product within the context of universal postal services.

“In the wake of international trends, the new product and tariff model offers the choice between time-critical and not time-critical delivery.

“In addition to the PRIO (priority) option featuring next-day delivery, an ECO (economy) delivery will be offered for delivery within 2-3 days as well as an ECO Business service for delivery within 4-5 days.”

Relevant Directory Listings

Listing image

Escher

Around the globe, the rise of digital and mobile is disrupting the very nature of the postal industry. Today’s postal challenges – dramatic decline of letter mail, remarkable growth in parcel volume and competition, skyrocketing expectations around speed and customer experience – are intensified by […]

Find out more

Other Directory Listings

News Archive

Advertisement

MER Magazine


The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a must-read for those who want the inside track on the industry.

 

P&P Poll

Loading

Which stories do you most like reading about on Post & Parcel?

Thank you for voting
You have already voted on this poll!
Please select an option!






Pin It on Pinterest

Share This