Österreichische Post AG

EANS-Adhoc: Österreichische Post AG
AUSTRIAN POST - PRELIMINARY RESULTS FOR 2014: REVENUE +0.2% AND EBIT +5.9%; EARNINGS DEVELOPMENT IMPACTED BY SPECIAL EFFECTS


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other/Preliminary Results 2014
25.02.2015



Austrian Post achieved solid business results in the 2014 financial year,
according to preliminary figures. In line with the existing outlook, the company
reported a stable revenue development. On balance, Group revenue in 2014
amounted to EUR 2,371m, a rise of 0.2% from EUR 2,367m in the previous year. The
revenue trends of the first three quarters 2014 continued in the fourth quarter.
The Mail & Branch Network Division registered a 1.5% revenue decline during the
year to EUR 1,488m, down from EUR 1,510m in the previous year. This was more
than compensated by the Parcel & Logistics Division, which generated a revenue
increase of 3.1% to EUR 882m in 2014, up from the prior-year level of EUR 856m.
The decrease in the mail business was due to the ongoing trend towards
electronic substitution of letters and declining direct mail volumes. At the
same time, revenue from branch network services also fell in 2014. From a
regional perspective, the Parcel & Logistics Division showed a slight revenue
drop in the highly competitive German market. In contrast, a significant
top-line increase was achieved in Austria and in South East and Eastern Europe. 
   

The announced earnings objective of further improving Group EBIT was also
achieved. According to preliminary figures, EBIT rose 5.9% in the 2014 financial
year to EUR 197m (2013: EUR 186m). However, whereas the operational development
of the mail and parcel businesses showed a continuation of the trends prevailing
in previous quarters, earnings in 2014 were also impacted by various special
effects.  

The sale of Austrian Post's former corporate headquarters located on Postgasse
in Vienna's inner city to the Soravia Group was a positive special effect which
led to operating income of EUR 62m from the transaction. At the same time, also
negative special effects had an impact on the earnings development of the Group.
The German subsidiary trans-o-flex Group is in the midst of a restructuring
process as a consequence of the highly competitive market environment. The
related write-downs and structural measures as well as the impairment loss on
goodwill (non-cash) led to a negative earnings effect totaling EUR 49m.
Impairment losses of EUR 10m were also recognised for Austrian Post's mail
subsidiaries in the CEE region.  

On balance, the preliminary Group profit for the period in 2014 rose to EUR
147m, corresponding to earnings of EUR 2.17 per share compared to EUR 1.82 in
2013. However, the previous year was impacted by a negative effect in the
financial result related to the joint venture MEILLERGHP. 


Group cash flow before acquisitions and disposal of securities amounted to EUR
152m in 2014, thus remaining at a stable high level compared to EUR 154m in
2013. This solid cash flow comprises a good basis to finance future investments
and dividends payments.  

The final results for 2014 will be announced on March 12, 2015.


Further inquiry note:
Austrian Post
Harald Hagenauer
Head of Investor Relations, Group Auditing & Compliance 
Tel.: +43 (0) 57767-30400
harald.hagenauer@post.at	

Austrian Post
Michael Homola
Press Spokesman
Tel.: +43 (0) 57767-32010
michael.homola@post.at

end of announcement                               euro adhoc 
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issuer:      Österreichische Post AG
             Haidingergasse  1
             A-1030 Wien
phone:       +43 (0)57767-0
mail:     investor@post.at
WWW:      www.post.at
sector:      Transport
ISIN:        AT0000APOST4
indexes:     ATX Prime, ATX
stockmarkets: official market: Wien 
language:   English
 

 

 

Original-Content von: Österreichische Post AG, übermittelt durch news aktuell

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