2023-04-25 07:33:49
Lhe stock market price of bpost fell by 19% this Tuesday morning at the opening. In question ? A press release from the company sent the evening before indicating that it was withdrawing its financial forecasts for the year 2023 following the preliminary results of a compliance review of services rendered to the Belgian State. This review of various calls for tenders and public contracts was commissioned by bpost following the irregularities noted during the call for tenders for the concession for the distribution of newspapers and periodicals in Belgium. The case had prompted the opening of an investigation by the Belgian Competition Authority and the resignation of CEO Dirk Tirez.
Preliminary results of this compliance review – which is still ongoing – revealed that bpostgroup mark-ups on certain services provided to the Belgian State “may not be acceptable under applicable law”. This should result in “a significant financial impact” for the company. Pending a more in-depth legal and financial analysis, preliminary estimates indicate an impact on adjusted Ebit for 2023, in relation to the execution of these services in 2023, of the order of 25 to 50 million euros. euros. Consequently, bpostgroup has withdrawn its financial forecast for the year 2023.
1682411431
#debacle #bpost #Soir
