The operating result (EBIT) improved by 114.5 percent to EUR 103.4 million, and earnings before interest, taxes, depreciation and amortization (Ebitda) by 64.3 percent to EUR 184.5 million. Sales increased by 28.4 percent to 1.26 billion euros. The main driver of the business was the sharp increase in parcels, while letters were down slightly.
The takeover of ING Austria’s private customer business by the Group’s own Bank99 was an “important milestone”, according to the listed Post AG in a press release today. As for the outlook, my post manager Georg Pölzl says that an increase in sales of around 15 percent is expected, and an increase of at least 20 percent is targeted for EBIT.
Austrian Post continues to aim to combine growth and dividend strength. Pölzl announced that it would continue to guarantee an “attractive dividend policy” in the future. Swiss Post’s investment program will be stepped up, sorting capacity will be expanded by a further 50 percent between 2020 and 2022.
Broken down to the individual areas, the half-year balance of the Post looks as follows: Parcel volume in Austria plus 20 percent (Turkey +24%, CEE +21%), plus 2 percent for advertising mail and minus 3 percent for letter volume. Expressed in cash, there was an increase of 3 percent to EUR 608.2 million in the Letter & Advertising Mail division, an increase of 70.7 percent to EUR 628.1 million in Parcel & Logistics and an increase of EUR 628.1 million in Branch & Bank 18.9 percent to 34.0 million euros.
The personnel expenses of the state post office – 53 percent is held by the state – amounted to 587.6 million euros in the first half of 2021, which corresponds to an increase of 18.8 percent or 92.9 million euros. This also includes the takeover of the Turkish parcel provider Aras Kargo. On a comparable basis, personnel expenses totaled 11.5 percent or EUR 56.7 million above the level of the previous year, largely due to the higher personnel requirements due to the increased parcel volumes, according to Swiss Post.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
