?Sterreichische Post Ag Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 14, 2019 at 10:21 am EST
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?sterreichische Post AG announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced total revenue was EUR 552.8 million compared to EUR 484.1 million a year ago. Operating income was EUR 22.1 million compared to EUR 37.4 million a year ago. Net income was EUR 20.6 million compared to EUR 29.3 million a year ago. Basic earnings per share was EUR 0.31 compared to EUR 0.43 a year ago. For the nine months, total revenue was EUR 1,576.1 million compared to EUR 1,490.3 million a year ago. Operating income was EUR 130.3 million compared to EUR 143.7 million a year ago. Net income was EUR 100 million compared to EUR 105.2 million a year ago. Basic earnings per share was EUR 1.48 compared to EUR 1.56 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 
