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Austrian Post Increased Revenues and Earnings
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Published: November 17, 2011; 14:50 ♦ (Vindobona)
Profit for the period came in lower than expected at €78.9m due to a provision amounting to € 20.0m for structural measures relating to the Parcel Division.
Austrian Post Increased Revenues and Earnings / Picture: © www.post.at
Austrian Post today reported results for the first nine months of the year. Revenue on a comparable basis increased to € 1,709.9m in the first three quarters of 2011, a rise of 4.1%. Revenue growth was generated in the Parcel & Logistics Division (+6.0%) and the Mail Division (+4.1%). In contrast, revenue of the Branch Network Division fell by 4.1% in the same…
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