Austrian Post revenues up by 2%

Austrian Post has reported revenues of €953.7 million for the first half H1 of financial year 2017.

Adjusting for the sale of its subsidiary, trans-o-flex in April last year, revenues were up 1.9%

In a statement, Austrian Post said: “Revenue in the mail business was down only slightly from the prior-year level although the trend towards electronic substitution of traditional letter mail continued. In turn, 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 102.2m, comprising a year-on-year rise of 3.6 %.”

 
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