Oesterreichische Post AG (WBO:POST)

Full Year 2024 Oesterreichische Post AG Earnings Call Transcript

Mar 07, 2025 / 02:00PM GMT

Release Date Price: €32.65 (-1.66%)

Transcript

Key Points

Positve

Oesterreichische Post AG (WBO:POST) reported a strong year with double-digit revenue growth of 14%, reaching EUR3.1 billion for the first time in its history.
The company achieved a 9% increase in EBIT, reaching EUR207 million, driven by strong performance in the parcel and logistics division.
The parcel business, particularly in Austria and Eastern Europe, showed robust growth, with a 21% increase in revenue.
Bank 99, the company's retail banking division, showed significant progress with a target to break even in 2025, supported by a favorable interest rate environment.
Oesterreichische Post AG (WBO:POST) is committed to decarbonization, having reduced logistics-related emissions by more than 20% in Austria and increased its e-vehicle fleet to nearly 5,000 vehicles.

Negative

The mail segment continues to face challenges with a decline in letter mail volumes, expected to continue at a rate of 6% to 7% in 2025.
The Turkish market, while showing strong revenue growth, faces volatility due to local inflation and currency fluctuations, impacting financial forecasts.
The company anticipates a challenging macroeconomic environment in 2025, with modest revenue growth expected compared to the previous year.
Despite strong growth in the parcel segment, the company faces competitive pressures and potential volume flattening in the Turkish market due to customer insourcing.
The retail and bank division, while showing positive development, still faces challenges with a negative EBIT, partly due to one-time costs from the migration of the core banking system.

Operator

Ladies and gentlemen, a warm welcome to the full year 2024 results analyst and investor conference of the Oesterreichische Post AG. (Operator Instructions)

Let me now turn the floor over to Harald Hagenauer, Head of Investor Relations.

Harald Hagenauer

Oesterreichische Post AG - Head - Investor Relations

Good afternoon, ladies and gentlemen. Welcome to this conference call of Oesterreichische Post where we want to discuss the results and trends of the fourth quarter and also the year, full-year 2024.

Here with me in the room is our CEO Walter Oblin, and for the first time our new CFO, Barbara Potisk-Eibensteiner.

Walter, I would love to hand over directly to you, please answer.

Walter Oblin

Oesterreichische Post AG - Chairman of the Management Board, Deputy Chief Executive Officer - Mail and Finance, Chief Executive officer - Austrian Post

Good afternoon, ladies and gentlemen. It's a pleasure to have the opportunity to present to you our full year results 2024. And as Harald said,

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