Austrian Post – slow revenue growth

Austrian Post saw weak overall revenue growth of just 1.0%, following the general European trend for logistics and last mile delivery firms. Revenues were €1.958 billion.

Parcel growth of 11.5% offset the decline in mail business of -2.5%. The company however met its projections from 2017.

Group operating profit also grew by just 1.5% to €210.9 million, somewhere close to inflation.

Lower direct mail revenues added to the general drop of letter mail volumes. Parcel volumes however grew strongly by 11% to 108 million parcels.

Further volume growth is expected in the parcel segment despite own delivery by a large-volume customer in the Vienna region. “The top priority is to double the logistics capacity of Austrian Post in the medium term”, said Chief Executive Officer Georg Pölzl. “The first step of a comprehensive investment programme was already taken through the construction of a new logistics centre in Hagenbrunn”, Pölzl added. The facility is scheduled to be completed in the summer of 2019, enabling additional sorting capacity of up to 14,000 parcels per hour. This implies a 25% expansion of the existing capacity. Construction of a new logistics centre in Kalsdorf near Graz is in preparation. The ground-breaking ceremony will take place on March 18, 2019.

“The key to our success is the capability to precisely satisfy current customer needs”, Pölzl stated. “Our comprehensive delivery services throughout Austria stand for quality and reliability. This is guaranteed on a daily basis by the tireless commitment of our employees, for which we would like to sincerely thank them. Together we will succeed in remaining the preferred partner of our customers”, Pölzl concluded.

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