Overview
Austria postal and logistics group's Q1 revenue rose 0.9% yr/yr, driven by e-commerce growth
Q1 EBIT and net profit declined due to mail volume drops and regulatory impacts
Company maintains outlook for slight 2026 revenue growth and stable earnings
Outlook
Austrian Post expects a slight revenue increase in 2026
Company targets broadly stable 2026 earnings (EBIT) versus previous years
Investments (CAPEX) for 2026 seen at EUR 140m to EUR 160m
Result Drivers
E-COMMERCE GROWTH - Parcel and logistics revenue rose 6.9% as e-commerce volumes increased, especially in Austria and Southeast/Eastern Europe
MAIL VOLUME DECLINES - Structural decline in letter mail and direct mail volumes due to digitisation and cost-cutting by advertising clients weighed on results
REGULATORY AND FX IMPACTS - Regulatory restrictions on Asian parcel imports and negative FX effects in Türkiye reduced volumes and contributed to lower earnings
Company press release: ID:nEQbrDr4ra
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 770.70 mln
Q1 EPS
EUR 0.22
Q1 Net Income
EUR 15.30 mln
Q1 EBIT
EUR 36.80 mln
Q1 EBITDA
EUR 93.80 mln
Q1 Pretax Profit
EUR 22.60 mln
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the courier, postal, air freight & land-based logistics peer group is "buy."
Wall Street's median 12-month price target for Oesterreichische Post AG is €32.50, about 4.8% above its May 7 closing price of €31.00
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 16 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)