Q1 2025 Oesterreichische Post AG Earnings Call Transcript
Key Points
- Oesterreichische Post AG (OERCF) achieved a slight revenue growth of 0.7% in Q1 2025 despite challenging economic conditions.
- The company maintained a strong market position in the Austrian parcel market, with a 4% revenue increase in parcel and logistics.
- Bank 99 is on track to break even by the end of the year, with successful system harmonization and a positive initial rating from Moody's.
- The company has a clear strategic vision for 2030, focusing on leadership in logistics and services across Austria, Central and Eastern Europe, and Turkey.
- Oesterreichische Post AG (OERCF) continues to expand its self-service solutions, with a target of over 3,000 postal locations across Austria.
- The economic environment remains challenging, with Austria in its third year of recession and declining mail volumes.
- EBIT declined by 7.6% in Q1 2025, attributed to the absence of previous year's positive one-time effects.
- The company faces increased volatility in e-commerce volumes from Asia, impacting growth in Eastern Europe.
- Cost inflation, particularly from labor costs and Turkey, has negatively impacted profitability.
- The mail business continues to decline, with a 5% decrease in revenue compared to last year, and a long-term trend of declining mail volumes.
Good afternoon, ladies and gentlemen, and a warm welcome to the Oesterreichische Post AG Q1 2025 results call. (Operator Instructions)
Let me now turn the floor over to your host Harald Hagenauer, Head of Investor Relations
Good afternoon, ladies and gentlemen. Welcome to this conference call of Oesterreichische Post. Today we would like to give an update on the first-quarter, plus an update on our strategic intentions for the next year. Here with me in the room is Walter Oblin, our CEO; plus Barbara Potisk-Eibensteine, our CFO.
So I would actually like to hand over to you, Walter.
Good afternoon, ladies and gentlemen. It's a pleasure to have the opportunity to present to you our Q1 results, including an update on Oesterreichische Post's strategy in the marketplace
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