Half Year 2025 Oesterreichische Post AG Earnings Call Transcript
Key Points
- Oesterreichische Post AG (WBO:POST) demonstrated resilience in a challenging environment, maintaining stable revenues and earnings targets for 2025.
- The company reported a positive result for bank99 for the first time in its history, with a balance sheet of around EUR4 billion and approximately 300,000 customers.
- Parcel Austria showed a revenue growth of 5.2%, indicating strong performance in the domestic market despite subdued consumer demand.
- The company is expanding its international presence, particularly in Eastern Europe and Türkiye, with new logistics centers planned in Budapest and Istanbul.
- Oesterreichische Post AG is committed to sustainability, aiming for CO2-free delivery in Vienna by the end of the year and across Austria by 2030.
- The company experienced a revenue decline of 1.1% compared to the first half of 2024, primarily due to the absence of special effects from elections and currency fluctuations in Türkiye.
- Mail volumes continue to decline, with a 7% reduction in Austria, driven by ongoing digitization and cost pressures in the public sector.
- Profitability was impacted by lower earnings in Türkiye and Eastern Europe, with EBIT down by 11% year-on-year.
- The company faces challenges from high inflation in Eastern Europe and Türkiye, affecting cost structures and consumer demand.
- There is increased volatility in the Parcel & Logistics segment, particularly due to fluctuating volumes from Asian e-commerce platforms.
Good afternoon, ladies and gentlemen, and welcome to the Ãsterreichische Post first-half 2025 results. (Operator Instructions)
Let me now turn the floor over to your host, Harald Hagenauer, Head of Investor Relations. Please go ahead.
Good afternoon, ladies and gentlemen, to this conference call of Austrian Post, where we would like to discuss the transient results of the first half of the last year -- last month. And here with me is our CEO, Walter Oblin; and our CFO, Barbara Potisk-Eibensteiner.
And I will directly like to hand over to Walter. Please, sir.
Good afternoon, ladies and gentlemen. It's a pleasure to welcome you to our half year results. As a summary upfront, the environment continues to remain challenging. However, I think we've shown resilience and can present solid results today.
Moving to page 2, a few
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