Bpost surges on 'ambitious' mid-term targets

Bpost SA

03/06/2025 08:55

** Shares in bpost BPOST.BR rise more than 12% after the Belgian postal company announced its 2024-2027 targets ahead of its Capital Markets Day

** It expects EBIT growth to accelerate from 2026 and reach above 275 million euros ($313.9 million) in 2027, when revenue is also expected to exceed 5 billion euros

** Bpost is to deploy annual capex of 160-180 million euros and aims for dividend payouts of 30-50% of IFRS net profit

** The guidance comes above analysts' estimates from KBC Securities, ING and Degroof Petercam, with the latest deeming it "ambitious"

** The brokers agree that the company faces low visibility and risks, but ING notes "risk seems to be on the upside given the low valuation and cautious estimates in the market"

** The bpost shares are on track for their best day since September 2023 if the gains hold

($1 = 0.8760 euros)

 (Reporting by Olivier Cherfan)

 ((olivier.cherfan@thomsonreuters.com))