Austria · Delayed Price · Currency is EUR Österreichische Post AG Earnings Call Transcripts
Fiscal Year 2025
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Revenue reached EUR 3.04 billion with EBIT of EUR 197 million, reflecting resilience amid challenging conditions and the absence of prior year one-offs. Parcel and Logistics led growth, while bank99 achieved break-even. Outlook for 2026 is stable, with continued investment and a EUR 1.83 dividend proposal.
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Nine-month 2025 revenues declined 1.1% vs. 2024 but rose 12.3% over 2023, with EBIT down 6.6% year-on-year. Mail volumes continue to fall, while parcel/logistics and bank99 show growth; stable earnings and CapEx of ~€150 million expected for 2025-2026.
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Solid H1 2025 results achieved despite recession and inflation, with revenues down 1.1% year-over-year and EBIT down 11%, but cash flow and balance sheet remain strong. Parcel growth is expected to return in H2, while mail volumes continue to decline.
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Q1 2025 saw 0.7% revenue growth and a 7.6% EBIT decline amid a tough macro backdrop, with strong parcel/logistics performance offsetting mail declines. Strategic focus is on e-commerce, service innovation, and a new telecom venture, while maintaining guidance for modest growth and EUR 200 million EBIT.
Fiscal Year 2024
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Double-digit revenue and EBIT growth in 2024 were driven by strong parcel and logistics performance, stable mail revenues, and a positive retail and bank segment. 2025 guidance anticipates modest revenue growth and stable EBIT amid a challenging macro environment, with continued investment and a higher dividend proposed.
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Double-digit revenue and EBIT growth were achieved across all segments, driven by strong parcel and logistics performance and election-related mail volumes. 2024 and 2025 guidance targets stable revenues around EUR 3 billion and EBIT slightly above EUR 200 million, despite macroeconomic and FX headwinds.
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Double-digit revenue and EBIT growth were achieved in H1 2024, driven by strong parcel and banking performance, despite higher staff costs and mail volume declines. Guidance remains cautious due to Turkish lira risks and further wage increases.