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Continued strong business trading, but also the new tariff model in the letter business has ensured that the Austrian Post is able to offset the declining mail volumes in the core business in the second quarter – as well as the declining financial services company due to the cessation of cooperation. with BAWAG PSK And so turn and plus have grown by more than two percent each. And just a little more than analysts on average expected the group – see each target / cash.
In the first half of the year, sales increased 2.7 percent to EUR 981.1 million (parcels and logistics + 7.8% / letter, advertising mail and affiliates 1.3% more). At EUR 107.7 million, EBIT was 2.5 percent higher than in the previous year (employee expenses less than 1.8% to EUR 507.3 million).
Speaking of the senior level of the previous year: CEO Georg Pölzl. In the outlook for the full year 2019, we are aiming for small sales growth and stable EBIT at the level of the previous year. In terms of sales, this is a growth as stable development has been expected so far. In terms of profitability, it is a small reduction in the forecast. Bloomberg Consensus Analysts Expectations: This assumes a one-year increase in sales of 2.1 percent to a touch of 2.0 billion euros, with a reduction of 700,000 euros to EBIT of 207.1 million euros .
From the Express PDF stock exchange of August 9th.
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