Money Buzz! Europa

Tag: Austrian Post

  • Austrian Post in 2020: 30% rise in national parcel volumes, CEE parcels up by 27%

    Austrian Post in 2020: 30% rise in national parcel volumes, CEE parcels up by 27%

    Austrian Post parcel volumes showed a positive development of +30 % in Austria, +27 % in the CEE region and +47 % in Turkey.

    The volume of addressed letter mail fell by 7 % year-on-year, compared to a 5 % decrease in media post.

    The decline even reached a level of 12 % for direct mail items, due to the substantial impact of the lockdown measures in many sectors.

    Group revenue of Austrian Post increased by 8.3 % in 2020 to EUR 2,189m. The Turkish company Aras Kargo, fully consolidated since 25 August 2020, also contributed to growth with revenue of about EUR 100m.

    Revenue in the Mail Division accounted for EUR 1,222m (-7.4 %), in the Parcel & Logistics Division EUR 914m (+44.4 %; +28.4 % excl. Aras Kargo) and in the Retail & Bank Division EUR 65m (-19.7 %).

  • Austrian Post revenues fell to EUR 883.3m in the first nine months of 2020

    Austrian Post revenues fell to EUR 883.3m in the first nine months of 2020

    Austrian Post Mail Division improved after reaching its lowest point in the second quarter. On balance, revenue fell by 9.0 % to EUR 883.3m in the first nine months 2020.

    Following the lockdown-related loss in Letter Mail and Direct Mail items mostly in April 2020, the volatility and uncertainty have increased in the third quarter, with the volume of addressed mail items remaining below the long-term trend in particular.
     
    The Parcel & Logistics Division reported a revenue increase of 31.9 % to EUR 576.6m in the first nine months of 2020.
     
    Earnings of the Mail Division fell by EUR 22m in contrast to the EUR 11m increase in the Parcel & Logistics Division in the first three quarters of 2020.

    In total, EBIT of the logistics business (excl. Retail & Bank Division) was down by 10.0 % to EUR 118.7m in the first three quarters of 2020.

    Austrian Post launched its own banking service

    The new bank99 has been operating on the market since April 2020 and is developing a focused offering of financial services.

    The bank has already succeeded in attracting more than 54,000 customers until the end of October 2020.

    The Retail & Bank Division achieved a negative result of EUR 37.3m due to the start-up costs of bank99 and the impact related to COVID-19.

  • Austrian Post increased its share in Turkish Aras Cargo to 80%

    Austrian Post increased its share in Turkish Aras Cargo to 80%

    Austrian Post has held a 25 percent stake in the Turkish parcel services provider Aras Kargo a.s. since 2013. At that time, the basic intention and understanding with the Aras family, founders and owners of Aras Kargo, was for Austrian Post to increase its shareholding.

    The formal closing of the transaction to raise Austrian Post’s stake to 80 percent took place on 25th August 2020. Baran Aras will continue to own a 20 percent shareholding in Aras Kargo and will also serve on its Executive Board.

    “I am pleased that the increase in our shareholding in Aras Kargo, which was agreed upon many years ago, has finally taken place. Turkey is an attractive, dynamic, and strongly growing market”, says Georg Pölzl, Chief Executive Officer of Austrian Post.  
     
    The company plans to further expand the business of Aras Kargo in the future.

  • Austrian Post revenues at almost EUR 1 bn in the first half of 2020

    Austrian Post revenues at almost EUR 1 bn in the first half of 2020

    Austrian Post revenues amounted to EUR 981.9m in the first half of 2020, slightly higher than the prior-year level (+0.1 %). The dynamically growing parcel business showed a significant increase of 30.0 %, compensating for the decline in the Mail and Retail & Bank divisions. 

    The Mail Division accounted for 59.8 % of the Group revenue. In the Mail Division, the expected shortfalls resulted in a revenue decrease of 10.5 %. This is, on the one hand, due to a significant decline in conventional Letter Mail volumes triggered by the closure of many governmental offices and businesses.

    On the other hand, Direct Mail revenue was also significantly impaired by the government-imposed store closings in response to COVID-19.

    The revenue of the Parcel & Logistics Division was driven by organic growth from online orders as well as additional parcel volumes generated through the cooperation with Deutsche Post DHL Group since August 2019.

    The 34.6 % revenue decrease in the newly created Retail & Bank Division in the first half of 2020 is due to the inaugural launch of bank99 on 1 April 2020, whereas the first half of the previous year still included service fees from the previous banking partner of EUR 18.8m.

    The start-up of bank99 presents a significant special effect in 2020

    bank99 has been operating on the market since the beginning of April and will feature a focused offering of financial services.

    The bank has already attracted more than 42.000 customers in the first four months and recorded initial financial services revenue.

    The objective is to add new products to the financial services offering in the upcoming quarterly periods and generate positive earnings contributions by 2023.

    Accordingly, the Retail & Bank Division produced a negative earnings contribution of EUR 28.7m due to the start-up costs for bank99 and the impact related to COVID-19.

    Group EBIT in the first half of 2020 totalled EUR 48.2m, down from EUR 107.7m in the first half of 2019. Earnings per share equalled EUR 0.66, compared to EUR 1.17 in the previous year.