on Ãsterreichische Post AG (isin : AT0000APOST4)
Austrian Post Reports Robust Growth in Q1–3 2024
Austrian Post AG announced a solid financial performance for the first three quarters of 2024, with revenue surging by 13.6% to EUR 2,237.6 million. Excluding Parcel Türkiye, growth stood at 10.7%. The company's revenue boost was supported by elections, currency effects, and stronger parcel volumes. Mail division revenue increased by 5.1%, while Parcel & Logistics saw a 19.1% surge.
EBITDA rose by 7.9% to EUR 304.9 million, despite headwinds from inflation and currency variations in Türkiye. Austrian Post anticipates a revenue target of EUR 3 billion for 2024, with an EBIT expected to slightly exceed EUR 200 million, indicating at least a 5% increase. The company plans strategic investments in technology and sustainability.
CEO Walter Oblin emphasizes leveraging market opportunities and enhancing service innovation, highlighting the expansion of self-service infrastructures as part of future growth initiatives.
R. E.
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