12.03.2015 – SLIGHT REVENUE INCREASE; EARNINGS DEVELOPMENT IMPACTED BY SPECIAL EFFECTS
- Market environment
- Basic trend of e-substitution of letter mail is continuing
- Retail sector and thus advertising customers under pressure
- Growth in e-commerce drives parcel volumes
- Hardly any economic impetus and strong competition in the B2B parcel market
- Revenue
- Slight revenue increase of 0.2% to EUR 2,370.5m
- Decline in the mail business (-1.5%) offset by parcel growth (+3.1%)
- Earnings
- EBIT rise of 5.9% to EUR 196.9m
- Earnings impacted by various special effects
- Cash flow and dividend
- Strong cash flow secures investments and dividends
- Proposal to the Annual General Meeting: dividend of EUR 1.95/share
- Outlook 2015
- Aim to achieve revenue growth of 1–2%
- Targeted EBITDA margin of about 12% and further EBIT improvement aspired
OVERVIEW OF AUSTRIAN POST
In the 2014 financial year, Group revenue of Austrian Post amounted to EUR 2,370.5m, comprising an increase of 0.2% from the previous year. The strong growth in the parcel business of 3.1% more than compensated for the 1.5% revenue drop in the mail business. Once again, Austrian Post succeeded in keeping the revenue decline in the Mail & Branch Network Division at a moderate level against the backdrop of a structurally shrinking market thanks to innovative ideas and sales initiatives. The Parcel & Logistics Division generated revenue growth of 3.1% during the reporting period. The parcel business developed differently, depending on the region. The ongoing trend toward increased e-commerce provided growth not only for the Austrian parcel market, but also for the parcel subsidiaries in South East and Eastern Europe, which showed exceptionally high growth rates, whereas revenue in Germany slightly declined.
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