In the first half of the current financial year, Austrian Post’s group revenue amounted to EUR 953.7 million. Adjusted for the subsidiary trans-o-flex sold in April 2016, the revenue increase equals 1.9 percent.
The parcel business generated substantial growth. Austrian Post profited from dynamic market growth and the ongoing online shopping trend. On the basis of the solid revenue development combined with strict cost discipline, operating earnings (EBIT) totalled EUR 102.2 million, comprising a year-on-year rise of 3.6 percent.
Revenue of the Parcel & Logistics Division increased in the first half-year 2017 by 16.7 percent to EUR 232.7 million (excluding trans-o-flex). This strong growth resulted mainly from the ongoing e-commerce trend, which led to a substantial rise in private customer parcels. The basic upward revenue trend in the first six months of 2017 is estimated to equal somewhat more than 10 percent.
“We are very satisfied with the revenue development, which was primarily driven by dynamic parcel growth. In the first half-year, we have once again succeeded in asserting our strong market position in this highly competitive market due to our outstanding delivery quality and a broad offering of individualised customer solutions. Moreover, the new product portfolio enables an even more efficient leveraging of synergies in the delivery of letters and parcels”, comments Georg Pölzl, Chief Executive Officer of Austrian Post.
An extensive, nation-wide capacity expansion programme is in the pipeline and will enable Austrian Post to handle strong growth in parcel volumes in the future and maintain high quality standards.
Austrian Post anticipates a stable or slightly positive revenue development for the entire year 2017 and targets operating earnings at least at the same level as achieved in the previous year.
