Austrian Post reports H1 results

Austrian Post’s revenue for the first half (H1) of 2016 was €1.071 billion, down from €1.175 billion in H1 of 2015. The postal operator however has said in a statement that the revenue decrease “can be fully attributed to the sale of its subsidiary trans-o-flex” at the beginning of April.

According to Austrian Post when the adjustment has been made for the disposal of the company the group revenue for H1 of 2016 rose by 0.6% year on year and by 2.3% in Q2 of 2016.

The mail business saw a structural decline in volumes caused by the rise of electronic communication, the postal operator saw a stable revenue development in the Mail & Branch Division in H1 of 2016. Q2 revenue rose by 1.6%. in part driven by the Austrian Presidential Election where ballots were posted to voters and a large number of the electorate choosing to vote by post.

E-commerce drove a significant growth in parcel volumes. Total revenues for the Parcel & Logistics Division fell from #436.9 million to €334.3 million for the first half of 2016, but again this was down to the divestment of trans-o-flex. Adjusted for the disposal of the company, the Parcel & Logistics Division saw a solid revenue growth of 3.7% in H1 and 4.9% in Q2.

Operating earnings (EBIT) for H1 were up 2.2% to €98.6m and up 11.7% to €47.6m for Q2.

Austrian Post also announced that it will be expanding its service portfolio at the beginning of 2017 in order to provide “improved and simpler” shipping options for online retailers.

“For example,” said Austrian Post, “it will be possible to send a so-called “Packet”, an optimal solution ranging somewhere between a traditional letter and a secure parcel. The “Packet” is as easy to handle as a letter, but still offers the popular “track & trace” feature of a parcel.”

Austrian Post confirmed its outlook for 2016 and said it is still aiming for a revenue of €2bn for the full financial year.