- 15 March 2018
- Transport / Logistics Services
Strong growth in parcels led Austrian Post’s revenues to grow by 2.3% to over €1.9bn in 2017.
While the Mail & Branch Network Division revenues dipped 2.1% to €1,447 million, Austrian Post said that this was ‘more than offset’ by its 17.7% growth at Parcel & Logistics divisional revenue to €495.6 million.
Parcel volumes at Austrian Post were up 20%, helping advance its market share across the country from 45% to 47%.
Georg Pölzl, Austrian Post’s CEO, commented: “This proves that the services provided by Austrian Post meet the highest standards with respect to quality and delivery speed. We are striving in both the mail and the parcel segment to improve our high quality level and steadily develop our products on the basis of current customer needs even further.”
With the growth in the parcels market set to continue, Austrian Post said that “measures are being taken to double sorting capacities over the next four years to more than 100,000 parcels/hour”.
“Our objective is to expand existing sorting capacities as quickly as possible,” said Pölzl. “We want to maintain our positioning as a reliable company in the future, and continue to keep the focus of our operations geared to quality and reliability”, concludes CEO Georg Pölzl.