Oesterreichische Post slips as economic challenges hit H1 profit

Oesterreichische Post AG

08/08/2025 09:48

** Austrian postal service provider Oesterreichische Post AG's POST.VI shares slide 3% after posting a lower H1 operating profit

** EBIT falls 14% y/y to 45.6 million euros ($53.16 million), with the company citing "challenging" economic conditions in its mail and parcel businesses

** The decline is in part due to the absence of positive currency effects seen last year with the exchange rate of lira affecting its Turkish business, the company said

** It forecasts declining letter mail and direct mail volumes in 2025 amid economic uncertainties even as it sees growth in the parcel business related to the positive underlying trend in e-commerce

** Shares of Oesterreichische Post are underperforming the Austrian blue-chip index .ATX, which rises 0.8%

($1 = 0.8579 euros)

 (Reporting by Maria Rugamer)

 ((Maria.Rugamer@thomsonreuters.com))