La Poste sees revenues grow slightly

French state postal operator La Groupe La Poste has reported its revenues for H1 of 2017 was up 1.1% on the same period of last year at €11.905bn.

La Poste have released a statement today that says it had turned a ‘good performance’ in the express and digital services business.

La Banque Postale showed a downward trend in net banking income that La Poste said was down to “persistently low interest rates”.

In the company report, La Post highlighted that it had strengthened its international express parcel business through acquisitions, JVs with other firms, and expansion in Russia, Italy, Russia and Portugal.

The company added: “Urban logistics is another major strategic priority for which La Poste is designing a model for responsible delivery to city centres. In relation to this, as the head of a consortium, La Poste obtained a public service concession contract for the MIN (Marché d’intérêt national – national interest market) of Toulouse.”

Mail volumes continued to decline for La Poste while there were increased parcels profits.

“The Services-Mail segment reported a small decline in revenue (-0.6%) to €4,927 million,” said La Poste.

“The decrease in addressed mail volumes (-6.8%11), combined with a mild unfavourable mix/product effect was partially offset by several positive developments: the price increase at 1 January 2017 (+3.2% on average), the impact of election-related mail (presidential and legislative elections, +€71 million), international expansion (+€22 million), and the creation of new services (+€15 million), such as the written driver’s licence exam (+€10 million).

“The subsidiaries positioned in the direct marketing, logistic solutions and e-logistics, eco-mobility and silver economy markets posted an 11% increase (+€30 million).”

La Poste continued: “Revenue for the Parcels segment (Colissimo) increased by 5.0% to €830 million, driven by rising volumes (+7.7%11). The very slightly positive price effect was absorbed by an adverse price/customer mix (including in particular the increase in volumes for major key accounts).”
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