Austrian Post: Group revenues up 7%
Austrian Post sees 7% growth in revenues for first nine months of 2008 financial year.
The first nine months of the 2008 financial year developed relatively well for Austrian Post. Total revenues increased by 7% to EUR 1,784.6m, which relates to the initial consolidation of the newly-acquired subsidiaries (+EUR 102.8m) as well as organic growth.
Austrian Post had several challenges to overcome during the first three quarters of 2008: the changing competitive situation in the Austrian parcels market, higher costs due to increasing prices for fuel and transport as well as the integration of new subsidiaries.
During the period under review, revenues of the Mail division were up 7.7pct and the Parcel & Logistics division expanded by 8.2pct . Revenues of the Branch Network division declined by 1.0pct. Revenue in all three business areas of the Mail division developed positively. Despite the ongoing trend towards electronic substitution, business in the Letter Mail business area remained virtually constant, whereas the Infomail business area (addressed and unaddressed advertising) and the Media Post business area achieved solid organic growth. Revenue of the Parcel & Logistics division climbed 8.2pct, to EUR 575.2m, which is due to the growth of the premium parcel segment (parcel delivery within 24 hours) both in Austria and abroad, as well as acquisition-related growth.
