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MarketScreener Homepage  >  Equities  >  Wiener Boerse  >  Österreichische Post AG    POST   AT0000APOST4

ÖSTERREICHISCHE POST AG

(POST)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 12/01 03:59:57 pm
30.15 EUR   +0.33%
11/13ÖSTERREICHISCHE POST : Annual Report 2020
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11/13AUSTRIAN POST Q1–3 2020 : Parcel growth offsets decline in letter mail and direct mail
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11/13ÖSTERREICHISCHE POST AG : 3rd quarter results
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Austrian Post sees lower 2020 sales and earnings due to virus

05/14/2020 | 02:40am EST
Parcels run on a line at the Austrian Post logistics centre in Vienna

Austrian Post expects a decline in 2020 revenues and core profit as a weak performance in its letter mail business countered the gains from soaring parcel volumes in the first quarter, the company said on Thursday.

The coronavirus pandemic boosted parcel revenues at postal companies worldwide as consumers confined to their homes turned to online shopping. But it hit freight volumes and accelerated the replacement of letter mail by electronic communications.

Increasing parcel sales cannot offset weakness in the high-margin mail division due to the high level of fixed costs in the logistics business, the company said, adding that it saw a high single-digit decline in its 2020 mail revenues.

Further costs arise from pandemic-related governmental regulations, as well as internal safety measures, so 2020 earnings would depend on how the crisis developed in the course of the year, the company said.

The majority state-owned group said its objective was to keep revenue development as stable as possible, compared to a previously cancelled forecast for full-year revenue to remain stable or rise slightly compared to the 2019 figure.

For the parcel and logistics division, sales growth of about 15% should be possible in 2020, the company said.

Business-to-business deliveries are the bigger driver of earnings, so any shift towards business-to-customer parcels will hurt postal companies' margins, analysts have said.

However, performance of Austrian Post's parcel division is developing above expectations because private customer parcels have already been the largest part of its parcel shipments, the company said.

(Reporting by Zuzanna Szymanska in Gdansk; Editing by Himani Sarkar and Edmund Blairr)


© Reuters 2020
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All news about ÖSTERREICHISCHE POST AG
11/13ÖSTERREICHISCHE POST : Annual Report 2020
PU
11/13AUSTRIAN POST Q1–3 2020 : Parcel growth offsets decline in letter mail and..
PU
11/13ÖSTERREICHISCHE POST AG : 3rd quarter results
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11/13ÖSTERREICHISCHE POST AG : Press Release
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09/30ÖSTERREICHISCHE POST AG : 3rd quarter report
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06/29ÖSTERREICHISCHE POST AG : Ex-dividend day for final dividend
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06/17ÖSTERREICHISCHE POST AG : Proxy Statments
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05/14Austrian Post sees lower 2020 sales and earnings due to virus
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Financials
Sales 2020 2 143 M 2 588 M 2 588 M
Net income 2020 107 M 129 M 129 M
Net Debt 2020 222 M 269 M 269 M
P/E ratio 2020 18,9x
Yield 2020 5,23%
Capitalization 2 037 M 2 455 M 2 460 M
EV / Sales 2020 1,05x
EV / Sales 2021 0,97x
Nbr of Employees 21 407
Free-Float 47,1%
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Technical analysis trends ÖSTERREICHISCHE POST AG
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Income Statement Evolution
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Mean consensus UNDERPERFORM
Number of Analysts 8
Average target price 26,57 €
Last Close Price 30,15 €
Spread / Highest target 19,4%
Spread / Average Target -11,9%
Spread / Lowest Target -30,3%
EPS Revisions
Managers
NameTitle
Georg Pölzl Chairman-Management Board & CEO
Edith Hlawati Chairman-Supervisory Board
Martin Palensky Member-Supervisory Board
Helmut Köstinger Member-Supervisory Board
Manfred Wiedner Member-Supervisory Board
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