La Poste reports profits and revenue increases

La Poste reports profits and revenue increases

La Poste has reported an operating revenue of €12,246m for the first half (H1) of 2018, which was an increase of 2.9% on last year.

Operating profit was up by 5.9% at €806m.

In a statement issued yesterday (1 August), La Poste that “activities… on the whole have remained strong”.

The core “Services-Mail-Parcels” business unit achieved a revenue of €5,708m, which was down about 0.9% on last year, and operating profit was down by 25.8% to €376m.

As one would expect, La Poste said that the “Services-Mail-Parcels” performance was “affected by the lasting impact of the streamlining and digitisation of traditional mail, with a decrease in addressed mail volumes of 7.0%”

Revenue for Parcels was up 3.4% at €858m. La Poste attributed this to the “increased volumes of packages (+4.4%9) which totalled 154 million items (essentially domestic B2C flows)” and a “significant increase in “out-of-home” deliveries (+45.7%)”.

The GeoPost business unit saw a 8.3% jump in revenue to €3,527m. According to La Poste: “The 7.5%11 growth in parcels delivered amounting to 631m items (impact amounting to an increase of €263m, mix included) explains to a large extent this increase.” However, GeoPost’s profits were down 5.8% to €186m.

La Banque Postale saw its revenue drop 4.2% to €2,926m but its operating profit was up 29.9% at €546m. La Poste attributed this to an “increase in NBI along with relatively stable operating expenses”.

Looking ahead for 2018 as a whole, La Poste said it was anticipating “a moderate increase in operating revenue and a relatively stable operating profit”.

 

 

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

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 PUDO technology supplier is most familiar to you?

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






Pin It on Pinterest

Share This