Bpost announces strategic plans

Bpost has announced its strategic plans for the next five years at a capital markets day in Antwerp.

In a statement, bpost said these priorities included:

“We are mail. We promote and defend our core mail business.”

The statement continued, “We grow. Growth is our future. We want to set the pace for parcels in Belgium and abroad, and we want to further build out our convenience and proximity offering.”

“We are lean, agile and flexible. We are focused, fast moving and responsive in our way of working.”

“We are @ core. Our employees are our most important asset while we create value for the society at large.

“These strategic priorities will support the achievement of our medium-term value and financial objectives. Key elements include: Domestic parcels”

Bpost has said that in regard the domestic parcels business it seeks to achieve profitable volume growth of at least 75% by 2020 from its base in 2015. It plans to double its international parcel volumes by 2020 from a 2015 base.

The Belgian postal operator also aims to achieve an EBITDA of at least €620 million by 2020, “supported by a growing revenue base, stringent cost control and accretive contribution of mergers and acquisitions already announced including Lagardère Travel Retail”.

Koen Van Gerven said, “bpost’s profound transformation over the past decade demonstrates that we are “Always on the move” to bring our clients closer and to make their lives easier. It all started with mail, which will continue to play an important role in our company’s future. Meanwhile we have adapted ourselves to respond to changing customer needs and we have built out a dynamic domestic and international parcels offering as well as innovative proximity and convenience services. Our ambition presented here today is built on four blue chips which will guide us in the years to come. Our new mid-term targets ensure that we will create significant and sustainable value for all our stakeholders.”

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