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.”