Österreichische Post AG Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 01:30 am EST
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Österreichische Post AG reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was EUR 642.4 million compared to EUR 573.1 million a year ago. Net income was EUR 12.2 million compared to EUR 30 million a year ago. Basic earnings per share from continuing operations was EUR 0.17 compared to EUR 0.41 a year ago.
For the nine months, sales was EUR 1,850.7 million compared to EUR 1,730.7 million a year ago. Net income was EUR 90.8 million compared to EUR 84.8 million a year ago. Basic earnings per share from continuing operations was EUR 1.3 compared to EUR 1.25 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 
