Post AG in the 1st quarter of 2023 with strong earnings growth

2023-05-12 06:15:28

Austrian Post grew strongly in the first quarter of 2023. Sales increased by 10.5 percent year-on-year to EUR 664.7 million, the operating result (EBIT) increased by 18.7 percent to EUR 47 million, the profit for the period increased by 4.9 percent to EUR 32 million . Euro. With regard to the outlook, the publicly listed, partially state-owned company stated: The goal remains an EBIT at the previous year’s level and sales growth in the mid-single-digit range.

The turnover of Post AG increased in all divisions, from January to March it was 3.3 percent for letters and direct mail, for parcels and logistics the increase was 15.5 percent. Swiss Post’s business in Turkey played a key role in this. The 41.8 percent increase in sales in the branches and banks was particularly fruitful. Here, a strong improvement in earnings of EUR 11.6 million has now led to a positive EBIT of EUR 0.9 million.

“Against the background of rising costs, the first quarter of the year went very well with an increase in sales and earnings,” said Post Director General Georg Pölzl in a press release. In particular, the branches and banks have benefited from the rise in interest rates.

Analysts had already expected a significant improvement in sales and earnings, but Swiss Post has surpassed this somewhat with the quarterly figures presented today.

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