Brief: Oesterreichische Post 9-month EBIT Down At EUR 81.4 Mln

Oesterreichische Post AG

13/11/2020 06:33

Nov 13 (Reuters) - OESTERREICHISCHE POST AG  POST.VI :
    * GROUP REVENUE Q1-3 2020 UP BY 2.4 % TO EUR 1,497.9M (+7.3
% TO
EUR 516.0M IN Q3 2020)
    * EBIT OF LOGISTICS BUSINESS (EXCLUDING. RETAIL & BANK
DIVISION)
Q1-3 2020 OF EUR 118.7M (-10.0 %)
    * GROUP EBIT Q1-3 2020 DOWN BY -37.4 % TO EUR 81.4M (+48.5 %
TO
EUR 33.2M IN Q3 2020)
    * SEES REVENUE RISE IN FY 2020 OF >3 % (INCL. SUBSIDIARY
ARAS
KARGO) EXPECTED
    * SEES EBIT OF LOGISTICS BUSINESS (EXCLUDING. RETAIL & BANK
DIVISION) IN FY 2020 OF ABOUT EUR 170M FOLLOWING FULL
CONSOLIDATION OF ARAS KARGO; GROUP EBIT NEGATIVELY AFFECTED BY
LAUNCH OF BANK99
    * SEES EARNINGS IN 2021: TARGETED EBIT GROWTH IN ALL
DIVISIONS
    * TARGETED INVESTMENTS AND MEASURES SHOULD CONTRIBUTE TO AN
EARNINGS IMPROVEMENT IN ALL DIVISIONS AND WILL THEREFORE
INCREASE GROUP EARNINGS IN 2021

Source text for Eikon:  ID:nAPA57LbQb 
Further company coverage:  POST.VI 

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