bpost – strong profit growth in fourth quarter

In its fourth quarter financial report, Belgian bpost has announced it has seen an 8.8% growth in revenues to €1.299bn. Group adjusted operating profit grew 45.7% to €88.1 million.

Amongst other results, its Mail & Retail segment’s revenues were €525 million, with adjusted operating profits of €31.3 million. The bpost Parcels & Logistics Europe & Asia segment saw a fall in revenues of 9.4% to €286.7 million, but stable operating profits year over year at €22.2 million.

Dirk Tirez, CEO of bpost group, said, “With the strong results of the 4th quarter, bpost has delivered on its promise with a full-year EBIT of 349.3 mEUR and strong end of year peak results, both financially and operationally. I would like to thank all my colleagues for their efforts during 2021 and during our successful end of year peak in particular.

Even though we will face strong headwinds, these solid results also give me confidence that we are taking the right actions in 2022 – transform in Belgium, build a leading e-commerce logistics position in Europe, scale-up e-commerce logistics in the US and evolve into a more customer centric and sustainable organization. We have gathered a strong leadership team that together will execute on our plans and ambitions.“

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