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Austrian Post: Increase in Revenue and Earnings in 2017
Press Wire ♦
Published: March 15, 2018; 07:30 ♦ (Vindobona)
Austrian Post showed a satisfactory business development in the 2017 financial year. Group revenue increased by 2.3% to EUR 1,938.9m compared to EUR 1,895.6m in the previous year (excl. trans-o-flex). The Mail & Branch Network Division reported a revenue decline of 2.1% to EUR 1,447.8m due to the ongoing trend of e-substitution, which was more than offset by the 17.7% increase in Parcel & Logistics divisional revenue up to EUR 495.6m.
Austrian Post: Increase in Revenue and Earnings in 2017 / Picture: © Vindobona.org
Revenue increase in 2017 driven by dynamic parcel growth
- Revenue up 2.3% to EUR 1,938.9m (excl. trans-o-flex)
- Mail revenue decline (-2.1%) more than offset by parcel growth (+17.7%)
Expansion of service offering and logistics structures
- Growth leads to higher market share in the parcel business
- Extensive capacity increases and expansion of service…
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