Österreichische Post AG can look back on a successful year: sales increased by 15 percent to EUR 2.52 billion. Operating profit (EBIT) increased year-on-year by 27 percent to EUR 204.7 million. Earnings before interest, taxes, depreciation and amortization (Ebitda) climbed 22 percent to 370.4 million euros. The cash flow is 218 million euros. The shareholders are to receive a dividend of EUR 1.90 per share (2020: EUR 1.60). These figures were announced yesterday, Friday, at the balance sheet press conference.
The main reason for the good development is the flourishing parcel business: The company now generates more with it than with mail: 1.224 billion euros are attributable to letters and advertising mail, 1.245 billion euros to parcels and logistics (an increase of 36.4 percent). Branches and bank 99 contribute the rest.
Swiss Post accounts for 53 percent of the entire domestic parcel market. In private customer business it is 62 percent. Follower Amazon holds 13 percent with its own delivery. Post CEO Georg Pölzl was satisfied with 2021, but warned at the same time: “The tailwind is developing into a headwind.” Pölzl was alluding to the war in Ukraine, the ongoing corona wave and the effects on the economy: “The world is moving towards problems that we cannot yet assess.”
Neither the Ukraine nor Russia play a role in Swiss Post’s direct business. An all the more important mainstay is the Turkish parcel subsidiary Aras Kargo: Their parcel business is already larger than that of the Post on the domestic market.
Sberbank: Post also affected
The postal service with its bank99 was “affected in a low double-digit amount” by the bank deposit insurance for the bankrupt Russian Sberbank Europe based in Vienna.
Source: Nachrichten
