Brief: Bpost's 2023 Operating Income Now Expected To Decrease By Low-Single Digit Percentage

Bpost SA

09/11/2023 16:56

Nov 9 (Reuters) - Bpost SA  BPOST.BR :
    * BPOSTGROUP: RESULTS THIRD QUARTER 2023
    * Q3 GROUP OPERATING INCOME AT 978.5 MEUR, -4.2% COMPARED TO
LAST
YEAR
    * GROUP ADJUSTED EBIT AT 28.1 MEUR (MARGIN OF 2.9%) OR AT
23.1
MEUR EXCLUDING 5.0 MEUR DOWNWARD REVISION OF 2023 IMPACT OF
REPRICING SERVICES TO THE BELGIAN STATE
    * WE HAVE FINALIZED ALL OUR COMPLIANCE REVIEWS AND NOW HAVE
A
CLEARER VIEW ON FINANCIAL IMPACTS, ENABLING US TO REINSTATE OUR
GROUP EBIT GUIDANCE FOR 2023
    * OUTLOOK: THE GROUP’S TOTAL OPERATING INCOME FOR 2023 IS
NOW
EXPECTED TO DECREASE BY A LOW-SINGLE DIGIT PERCENTAGE
    * DESPITE NORTH AMERICAN MARKET HEADWINDS AND COMPLIANCE
REVIEWS
IMPACTS, BPOST TODAY EXPECTS GROUP ADJUSTED EBIT TO BE ABOVE 240
MEUR
    * OUTLOOK: GROSS CAPEX IS NOW EXPECTED TO BE AROUND 170
MEUR, 
REFLECTING DISCIPLINE IN DIFFICULT MARKET CONDITIONS
    * FOR BELGIUM, INCLUDING 10 MEUR NEGATIVE IMPACT RELATED TO
2023
STATE SERVICES REPRICING, OUTLOOK IS REVISED AS FOLLOWS: 4 TO 5%
GROWTH2 IN TOTAL OPERATING INCOME
    * OUTLOOK BELGIUM 2023: 7 TO 9% ADJUSTED EBIT MARGIN
INCLUDING
HIGHER PAYROLL COSTS FROM FULL-YEAR IMPACT OF 2022-2023 SALARY
INDEXATIONS

Source text: https://tinyurl.com/pmpm43fz
Further company coverage:  BPOST.BR 

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