Post AG grew significantly in the first half of the year

Post AG grew significantly in the first half of the year

Georg Pölzl (Post AG)
Image: HANS PUNZ (APA)

Sales increased by 6 percent year-on-year to EUR 1.28 billion, the operating result ((EBIT) increased by 4.6 percent to EUR 95.2 million. Revenue growth in the mid-single-digit range and EBIT at the level of the previous year is being held for the full year, the Post said on Thursday.

In the letter & direct mail segment, a decrease of 0.2 percent to EUR 598.1 million was recorded, with growth of 9.9 percent to EUR 628.4 million in the parcel and logistics sector and a plus of 41.3 percent to EUR 76.5 million in the branches and bank sector could be earned well in the other areas. In terms of earnings per share, Post AG reported an increase of 36 percent to EUR 1.13 in a press release today.

Parcel logistics and e-mobility in focus

“The development in the first half of the year corresponds to our expectations. With the necessary cost and price discipline, we have succeeded in growing both in sales and in earnings,” said Post boss Georg Pölzl.

The focus of the investments this year is therefore the capacity expansion for parcel logistics and the expansion of the sustainable fleet in the direction of e-mobility. “With the completion of the logistics center in Vienna in autumn of this year, Austrian Post is very well positioned to keep the delivery quality and speed for parcels in Austria at a high level, even with growing volumes,” assures Pölzl.

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