bpost announces “excellent” Q2 parcels performance

bpost has announced an operation revenue of €591.9m for the second quarter (Q2) of 2016, down 1% on last year. Domestic mail volume was down 3.8% – but this was an improvement from the 6.1% drop in Q2 2015.

The Belgian postal operator said that domestic parcels volumes were up 18.3% – an “excellent” performance which it attributed to “strong e-commerce growth and a continued positive trend in C2C”.

International parcels were up €1.8m, “supported by positive contribution from the acquisition strategy by impacted by lower volumes from and to China”.

bpost CEO Koen Van Gerven said: “This quarter keeps us fully on track for 2016. Thanks to excellent growth in parcels and resilient domestic mail, we managed to fully compensate the impact of the reduction in SGEI compensation on our profitability and delivered on our promises.

“I’m also very glad to see that these results are supported by the positive contribution from the acquisition strategy in International Parcels.”