Brief: Oesterreichische Post Q3 Profit Before Tax At EUR 26.7 Mln

Oesterreichische Post AG

11/11/2022 06:39

Nov 11 (Reuters) - OESTERREICHISCHE POST AG  POST.VI :
    * Q3 PROFIT BEFORE TAX AT EUR 26.7 MILLION
    * AUSTRIAN POST IN Q1–3 2022: GOOD QUARTERLY DEVELOPMENT IN
A
CHALLENGING MARKET ENVIRONMENT
    * NINE MONTHS EBIT FELL 13 PERCENT TO 125.3 MILLION EUR
    * NINE MONTHS REVENUE FELL 1 PERCENT TO 1.816 BILLION EUR
    * 9M AUSTRIAN LETTER MAIL VOLUMES DOWN BY 4 % ON AN
OPERATIONAL
LEVEL, ±0 % INCLUDING SPECIAL EFFECTS(Q3: OPERATING VOLUMES -6
%, -1 % INCL. SPECIAL EFFECTS)
    * GROUP REVENUE IN FIRST THREE QUARTERS OF 2022 TOTALLED EUR
1,815.9M (-1.0 %), WHEREAS THIRD-QUARTER REVENUE GROWTH WAS UP
BY 5.7 % YEAR-ON-YEAR
    * EBITDA OF FIRST THREE QUARTERS FELL BY 3.1 % TO EUR
258.0M,
WHEREAS EARNINGS BEFORE INTEREST AND TAX (EBIT) DECLINED BY 13.0
% YEAR-ON-YEAR FROM EUR 144.0M TO EUR 125.3M
    * Q3 PROFIT FOR THE PERIOD AT EUR 30.0 MILLION
    * OUTLOOK 2022: EBIT 2022 EXPECTED TO BE AT LEAST AT
MID-POINT OF
PREVIOUSLY INDICATED RANGE (2021 EBIT: EUR 205M, 2020 EBIT: EUR
161M)
    * OUTLOOK 2023: AIM FOR 2023 IS TO INCREASE REVENUE AGAINST
BACKDROP OF RISING COSTS AND THEREBY TO KEEP EARNINGS AS STABLE
AS POSSIBLE

Further company coverage:  POST.VI 
 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))