Austrian Post reports “stable” revenue
Austrian Post has reported a revenue of €1,510.4m for the first nine months of 2016. This was down from the €1,746.5m achieved in the first three quarters of 2015. However, Austrian Post said that the difference in revenue can be mainly attributed to the sale of its former subsidiary trans-o-flex in April 2016.
“Adjusted for the disposed company trans-o-flex, revenue remained stable compared to the prior-year period,” claimed Austrian Post, in a statement issued on Friday (11 November).
Operating earnings (EBIT) were €135.5m, up 0.2% from the previous year.
The mail business, Austrian Post’s largest business area, continues to be impacted by the ongoing substitution of addressed letter mail by electronic forms of communication.
According to Austrian Post: “The Mail & Branch Network Division showed a slight revenue decrease of 1.0% in the first three quarters of 2016 to €1,078.3m. In contrast, the trend towards online shopping continued unabated in the parcel segment. Despite intensified competition, Austrian Post succeeded in further increasing parcel revenue in Austria. Adjusted for the revenue of the former subsidiary trans-o-flex, the Parcel & Logistics Division generated revenue growth of 3.5% in the first nine months of 2016.”
Austrian Post CEO Georg Pölzl commented: “Our top priority is to further strengthen Group profitability based on an offering of innovative solutions and the ongoing expansion of services for the benefit of our customers. At the same time, we are continuing our efforts to optimise costs and enhance efficiency.
“Accordingly, stability is our primary objective, not only for 2016 but for 2017 as well. This target applies to the development of revenue and earnings as well as the investment and dividend policy of the Austrian Post Group.”
