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  Disclosed inside information pursuant to article 17 Market Abuse Regulation 
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. 
  The issuer is responsible for the content of this announcement. 
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Earnings Forecast/Mid Year Results 
19.07.2021 
 
Vienna, 19. July 2021 - 
 
Ongoing high parcel volumes in H1, continued decline in letter mail 
 
* Austrian parcel volumes +20.3%, Türkey +24.2%, CEE +20.8% 
* Letter mail volumes -2.8%, direct mail volumes +2,0% 
 
 
H1 2021 revenue up by 28.4% to EUR 1,260m (+12.0% excl. Aras Kargo) 
 
* Mail Division: +3.0% to EUR 608m 
* Parcel & Logistics Division: +70.7% to EUR 628m (+27.0% excl. Aras Kargo) 
 
 
Earnings expectation (EBIT) H1 2021 of EUR 103m (EUR 44m in Q2) 
 
Earnings forecast (EBIT) 2021: targeted improvement of at least 20% vs. previous 
year 
 
 
 
Following the dramatic social disruptions and economic downturn triggered by the 
COVID-19 pandemic, especially in the second quarter of 2020, the first six 
months of 2021 showed a recovery of the business activities of many customer 
groups. Nevertheless, the business development of Austrian Post will continue to 
be impacted by various restrictions in the current financial year. A tough five- 
week first-quarter lockdown was followed by a gradual opening of different areas 
of public and social life starting in the second quarter of the year. Following 
pandemic-related additional revenue in the first quarter, the second quarter of 
2021 showed a certain normalisation. In the parcel segment, weaker growth was 
recorded following high increases in the prior-year quarter. The decline in mail 
volumes continued, now at a lower level following an increased reduction in the 
previous year. 
 
According to the preliminary figures, Group revenue of Austrian Post climbed by 
28.4% in the first six months of 2021 to EUR 1,260m. The Turkish subsidiary Aras 
Kargo, fully consolidated since 25 August 2020, also contributed about EUR 160m 
to revenue growth in this period. Excluding Aras Kargo, the increase in revenue 
equalled 12.0%. The Mail Division accounted for EUR 608m (+3.0%) of total 
Austrian Post revenue, whereas the Parcel & Logistics Division generated revenue 
of EUR 628m (+70.7% or +27.0% excl. Aras Kargo) and the Retail & Bank Division 
revenue of EUR 34m (+18.9%). 
 
Earnings before interest and tax (EBIT) in the first half of 2021 are expected 
to equal EUR 103m. This performance represents a doubling of the first half-year 
2020 results, which suffered from massive negative COVID-19-related effects. 
 
The company aims at achieving an earnings improvement in the current financial 
year of at least 20% compared to the prior-year level (basis 2020 EBIT: EUR 
161m). 
 
Comprehensive disclosure for the first half of 2021 will be published on 12 
August 2021. 
 
 
 
 
Further inquiry note: 
Austrian Post 
Ingeborg Gratzer 
Head of Press Relations & Internal Communications 
Tel.: +43 (0) 57767-32010 
presse@post.at 
 
Austrian Post 
Harald Hagenauer 
Head of Investor Relations, Group Auditing & Compliance 
Tel.: +43 (0) 57767-30400 
investor@post.at 
 
end of announcement                         euro adhoc 
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(END) Dow Jones Newswires

July 19, 2021 07:45 ET (11:45 GMT)