Oesterreichische Post AG (WBO:POST)

Half Year 2026 Oesterreichische Post AG Earnings Call Transcript

Aug 7, 2026 / 01:00 PM GMT

Release Date Price: €30.8 (-4.94%)

Transcript

Key Points

Positve

Group revenue grew 3.8% to €1.544 million in H1 2026, driven by strong parcel volume growth in Austria (+9%) and e-commerce fulfillment.
Bank 99 achieved a positive EBIT contribution of €4.2 million in H1 2026, a significant improvement from breakeven last year, with a solid run rate of €1.5-2 million per quarter.
The launch of the telecom offering 'Yellow' has been successful, with strong customer ramp-up and a differentiated positioning in the Austrian market.
Two strategic acquisitions (EU Shipments and Ecoworks in Serbia) are expected to strengthen the international e-commerce and parcel network, with EU Shipments already contributing positively.
The company maintains a solid balance sheet with low financial debt (0.6x net debt) and a strong equity ratio of 24%, supporting continued investment in growth areas.
Vienna achieved 100% CO2-free last-mile delivery, a world-first for a city over 1 million, enhancing the company's sustainability credentials.

Negative

Letter mail volumes are declining at an accelerated pace due to digitization and government/corporate cost-saving measures, pressuring the mail segment's profitability.
EBIT decreased by 11.7% to €187.7 million in H1 2026, impacted by lower mail volumes, the telecom transition (loss of A1 revenue), and intense competition in Eastern Europe and Turkey.
New EU and national parcel taxes (e.g., €3 de minimis customs fee, €2-4 parcel tax in Austria) have caused a ~30% decline in Asian parcel volumes, with further uncertainty from a potential EU levy in November.
Intense competition in Eastern Europe and Turkey is pressuring margins, with price pressure and a battle for market share impacting profitability.
The financial result was sharply impacted by a €20 million negative effect from the revaluation of the Aras Kargo put option, driven by high inflation and FX rate discrepancies in Turkey.
The company faces ongoing risks from currency fluctuations (TRY) and unclear impacts of new taxes, which could affect full-year earnings and growth targets.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

POST.VI - Oesterreichische Post AG
Half Year 2026 Oesterreichische Post AG Earnings Call
Aug 07, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Question-and-answer session, and if you would like to raise your, we are looking forward to the presentation, and with this I hand over to the head of Investor relations, Harald Hagenauer.

Good afternoon, ladies and gentlemen, welcome to this conference call, today we would like to discuss the half year results of Austrian Post.

Here with me in the room is our CEO Walter Bleen and our CEO Barbara Botti Gebensteiner, and I'd like to directly want to hand over to the, to you.

Thank you, Hart, good afternoon, ladies and gentlemen.

It's a pleasure to have the opportunity to results for the first half of 2026.

As a summary upfront, I think we are able to show, in a challenging

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