CEO of ÖSTERREICHISCHE POST AG Georg Pölzl talks about the company and presents recent figures and facts.
AUSTRIAN POST H1 2023 RESULTS
REVENUE AND EARNINGS INCREASE IN THE FIRST HALF OF 2023
H1 revenue growth in Parcel & Logistics and Retail & Bank
Revenue +6.0 % to EUR 1,284.8m
Mail –0.2 % to EUR 598.1m
Parcel & Logistics +9.9 % to EUR 628.4m
Retail & Bank +41.3 % to EUR 76.5m
H1 Group earnings with strong improvement in Retail & Bank
EBITDA +5.3 % to EUR 189.0m
EBIT +4.6 % to EUR 95.2m
Earnings per share +36.0 % to EUR 1.13
Cash flow and balance sheet
H1 operating free cash flow of EUR 115.5m
Total assets as at 30 June including bank99 of EUR 5.3bn
Outlook for 2023:
Targeted Group revenue growth in the mid-single-digit range
Earnings (EBIT) target remains close to the prior year level
The first half of 2023 was characterised by challenging conditions. Economic developments and the ongoing high inflation rate continue to impact Austrian Post’s business model. This applies particularly to higher costs for energy and purchased services as well as increased staff costs alongside a weaker economic environment as reflected in the subdued consumer confidence. “Our performance in the first half year is in line with our expectations,” says CEO Georg Pölzl. “However, we succeeded in growing revenue as well as earnings thanks to the necessary cost and price discipline,” he added.
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