Belgium · Delayed Price · Currency is EUR bpost NV/SA Earnings Call Transcripts
Fiscal Year 2025
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EBIT reached EUR 179.7 million for 2025, at the top end of guidance, despite revenue declines in mail and press. Transformation and cost measures offset headwinds, but a net loss of EUR 39 million was recorded due to one-off charges. 2026 guidance targets adjusted EBIT of EUR 165–195 million.
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Q3 2025 saw stable group income but a sharp EBIT drop due to Radial U.S. churn, offset by parcel and cross-border growth. Full-year EBIT guidance is reaffirmed at €180 million, with cost synergies and transformation initiatives progressing, though risks from contract churn and regulatory changes persist.
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Q2 2025 saw a 10.5% rise in operating income at constant perimeter, but excluding Staci, income fell 9% due to North America contract losses and lower mail revenue. EBIT guidance is reaffirmed at the higher end, with H2 expected to benefit from productivity gains and new client onboarding.
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A comprehensive transformation is underway, shifting from postal to parcel logistics, prioritizing value over volume, digitalization, and new B2B/C2C markets. Financial targets include €5B+ revenue and €275M EBIT by 2027, with 3PL and cross-border as growth engines, and strong ESG commitments supporting long-term value.
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Q1 2025 saw operating income rise 13% year-over-year, but underlying performance declined due to North America contract losses, lower press revenue, and a February strike. Full-year EBIT guidance is maintained, with parcel growth expected at the low end of the range.
Fiscal Year 2024
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2024 results met guidance with strong Staci contribution, but group net loss was EUR 209 million due to a EUR 300 million Radial US impairment. 2025 outlook is cautious, with EBIT expected to decline despite revenue growth, and ongoing transformation and cost discipline remain priorities.
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Q3 2024 saw group operating income rise 5% year-over-year, but profitability declined due to North America and press revenue pressures. Parcel volumes in Belgium grew strongly, while 3PL and cross-border segments faced mixed trends. 2024 EBIT guidance is reaffirmed at EUR 205–230 million.
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Q2 2024 saw group operating income decline 3.8% year-over-year, mainly due to North America, while Belgium remained stable and Eurasia grew. Staci acquisition closed early, with expected EBIT contribution of EUR 8–9 million/month. CapEx and cost discipline remain priorities.