Austrian Post sees 4% revenue growth in Q1

Revenues at Austrian Post for Q1 of 2017, adjusted for the sale of trans-o-flex in April 2016, grew by 4% to €488.7 million.

According to a statement by Austrian Post: “This positive development was strongly influenced by seasonal effects. There were two additional working days in a year-on-year comparison, and the late Easter holidays had a very positive impact on first-quarter direct mail and parcel revenue.”

The “season effects” played their part in boosting the revenues for the Mail & Branch Network Division by 5% to €372.4m.

When adjustments are made for the trans-o-flex sale, the Parcel & Logistics Division generated revenue growth of 17.2%.

Georg Pölzl, CEO of Austrian Post, commented: “We are very satisfied with the first-quarter revenue and earnings development, although the increase was mainly driven by seasonal effects. The basic volume development trends are continuing, with letter mail declining as a result of electronic substitution and the parcel business profiting from the dynamic growth of the online shopping market. We are striving to achieve a stable development with respect to both revenue and earnings for the entire 2017 financial year.”  
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