Austrian Post Q1 – revenues flat

With parcels growth offsetting letter volume decline, Austrian Post posted a 0.4% increase in revenues to €492.5 in its first quarter (Q1) results for 2019.

Letter mail fell by around 5% while there is a decline also in the direct mail business. That said, Austrian Post is heavily weighted towards this area of business with around 70% of its revenues stemming from it.

Parcel & Logistics is now worth 30% of the business and saw 6.7% in revenues. Austrian Post say this is set to grow strongly thanks to e-commerce.

“Parcel capacities are expected to increase by 25% starting in summer of 2019 when the new parcel centre in Hagenbrunn in the north of Vienna starts its operation”, states Austrian Post CEO Georg Pölzl.

The ground-breaking ceremony for the second planned parcel centre in Kalsdorf near Graz took place on March 18, 2019. Completion is scheduled for mid-2020.

Overall transport and sorting capacities should each be doubled over the medium-term. Furthermore, Austrian Post is steadily pressing ahead with the expansion of its service offering based on self-service and online solutions, making it easier and more convenient to send and receive parcels.

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