Oesterreichische Post Ag Reports Earnings Results for the Fourth Quarter Ended December 31, 2018
March 14, 2019 at 12:07 pm EDT
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Oesterreichische Post AG announced earnings results for the fourth quarter ended December 31, 2018. For the fourth quarter, the company announced sales was EUR 542.1 million compared to EUR 534.3 million a year ago. Net income was EUR 38.9 million compared to EUR 59.1 million a year ago. For the full year, sales was EUR 1,958.5 million compared to EUR 1,938.9 million a year ago. Net income was EUR 144.2 million compared to EUR 165 million a year ago.
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 
