Austrian Post Provides Earnings Guidance for the Years 2019 and 2020
October 29, 2019 at 06:32 am EDT
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Austrian Post provided earnings guidance for the year 2020. The company predicts revenue increase in 2019 as well as in 2020. Earnings (EBIT) outlook: Stability in operating earnings in 2019 (before provisions for data protection) and also stability in operating earnings in 2020 (before start-up costs for new financial services). As was already evident in the half-year revenue development, Austrian Post expects an overall increase in the entire 2019 financial year. Despite the declining mail volumes, positive one-off effects from elections and special mailings but above all from the growing parcel business are driving the positive revenue trend. As was already evident in the half-year revenue development, Austrian Post expects an overall increase in the entire 2019 financial year. Despite the declining mail volumes, positive one-off effects from elections and special mailings but above all from the growing parcel business are driving the positive revenue trend.
Osterreichische Post AG specializes in mail collection, routing, and delivery services. Net sales (including intragroup) break down by activity as follows:
- mail collection and delivery (44.4%; No. 1 in Austria): letters, postcards, ads and publicity materials, newspapers, etc. The group also offers stamps telecommunication and financial products and services (savings accounts, insurance, loans, etc.);
- parcel delivery (44.1%): operating in Austria, Germany, Slovakia and Croatia. Osterreichische Post AG also offers logistical services and express shipping;
- other (0.1%).
The remaining sales (11.4%) are from the retail banking activity.
Net sales are distributed geographically as follows: Austria (81.2%), Turkey (10%), Germany (2.1%) and other (6.7%).
OSTERREICHISCHE POST AG 
