Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is responsible for the content of this announcement.
Vienna, 22 January 2021 -
Volume development in 2020 impacted by COVID-19 and the following lockdown as
well as by the rapid increase in digitalisation
Letter mail volume decline of 7 %, 12 % drop in direct mail volumes\n30 % rise in Austrian parcel volumes, CEE parcels up by 27 %, 47 % increase in Turkey\n2020 revenue up 8.3 % to EUR 2,189m (+3.3 % excl. Aras Kargo)
Mail Division: -7.4 % to EUR 1,222m\nParcel & Logistics Division: +44.4 % to EUR 914m (+28.4 % excl. Aras Kargo)\nEBIT expectation for 2020 in the range of EUR 160m (vs. EUR 201m in 2019)
The whole 2020 as well as the recently concluded fourth quarter presented a
major challenge for Austrian Post. In the light of the COVID-19 pandemic, the
priority has been to ensure the safety and health of the company's employees and
to maintain the performance of the company at the same time. Both tasks were
successfully accomplished over the last few months. The fourth-quarter increase
in parcel volumes presented a major logistical challenge in all regions. The
reliability of service delivery has been maintained. "Our special thanks go to
our employees as well as to our postal partners. All of them were working
strenuously on a daily basis during the challenging fourth quarter. Against the
backdrop of record parcel volumes, they ensured that Austrian Post's customers
received their parcels on time," says Austrian Post CEO Georg Pölzl
The development of the letter, direct mail and parcel businesses varied
considerably in 2020. The volume flows of letter and direct mail items were
strongly reduced as a result of the pandemic. The volume of addressed letter
mail fell by 7 % year-on-year, compared to a 5 % decrease in media post. The
decline even reached a level of 12 % for direct mail items, due to the
substantial impact of the lockdown measures in many sectors.
In contrast, parcel volumes showed a positive development of +30 % in Austria,
+27 % in the CEE region and +47 % in Turkey. In particular, the company
succeeded in handling the enormous parcel volumes in the fourth quarter of 2020
while, at the same time, maintaining high quality in delivery. This underlines
the importance of Austrian Post's current capacity expansion programme. Sorting
and distribution capacities will be further increased in 2021.
According to preliminary figures, Group revenue of Austrian Post increased by
8.3 % in 2020 to EUR 2,189m. The Turkish company Aras Kargo, fully consolidated
since 25 August 2020, also contributed to growth with revenue of about EUR 100m.
The increase in revenue excluding Aras Kargo is therefore 3.3 %. Revenue in the
Mail Division accounted for EUR 1,222m (-7.4 %), in the Parcel & Logistics
Division EUR 914m (+44.4 %; +28.4 % excl. Aras Kargo) and in the Retail & Bank
Division EUR 65m (-19.7 %).
In line with this revenue development, earnings before interest and tax (EBIT)
are expected to be in the range of EUR 160m, compared to EUR 201m in 2019. The
EBIT decline in the Mail and Retail & Bank Divisions are in contrast to a
significant earnings improvement achieved by the Parcel & Logistics Division. In
particular, Austrian Post managed to effectively cope with logistical
bottlenecks arising in the fourth quarter, both in terms of volumes as well as
The figures are subject to the audit of the consolidated financial statements.
The final annual result 2020 will be published on 12 March 2021.
end of announcement euro adhoc
issuer: Österreichische Post AG
phone: +43 (0)57767-0
Digital press kit: http://www.ots.at/pressemappe/2209/aom
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