Revenues rocket at bpost

Belgian postal operator bpost has reported revenues of €647.6 million for Q3 of 2017, a 20.4% hike on the same period last year.

According to a statement from bpost, the fast growth in revenues was “driven by very strong growth in Parcels and acquisitions partly offset by lower Domestic Mail revenues in line with guidance”.

Domestic mail volumes at bpost fell by 5.3%, a reasonably typical trend for postal operators. Domestic mail volumes however grew by 32.8%, more than making up for the mail revenue falls. International parcel revenues were up €9.1 million, driven in a large part by increases in flows of goods from Asia.

Koen Van Gerven, bpost CEO, said: “Over the third quarter, we realized a very strong growth in domestic parcels driven by booming e-commerce.

“Our new sorting centre in Brussels, which allows us to double our parcel sorting capacity, is now fully operational to absorb the year-end peak.

“International parcels continued to grow on the back of increasing cross-border e-commerce while our new acquisitions continue to contribute.

“Domestic Mail evolution was in line with our full year guidance and organic costs remained under strict control.

“I confidently reconfirm our full year guidance of realizing the same operating result and paying out the same dividend in 2016.”
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