Oesterreichische Post sinks on declining Q1 numbers

Oesterreichische Post AG

29/04/2022 09:11

** Shares of Oesterreichische Post  POST.VI  are down 5%, on
track for worst day in over two years, after the Austrian postal
service operator posts a year-on-year decline in Q1 preliminary
figures citing a strong depreciation of the Turkish lira
 urn:newsml:reuters.com:*:nASM0009HQ
    ** The company reports a 7% slide in Q1 revenue to 601.4
million euros and a 34% drop in EBIT to 39.6 million
    ** It says devaluation of the Turkish lira led to a lower
revenue and earnings contribution of its Turkish parcel business
Aras Kargo on euro basis    
    ** Oesterreichische Post sees group EBIT for 2022 to be
between the levels of the last two years, namely 205 million
euros in 2021 and 161 million in 2020
    ** The stock is at the bottom of Austrian traded index
 .ATX 

 (Reporting by Anastasiia Kozlova)
 ((Anastasiia.Kozlova@thomsonreuters.com))