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11.05.2007 – 08:06

Österreichische Post AG

euro adhoc: Österreichische Post AG
quarterly or semiannual financial statement
Austrian Post: Successful First Quarter 2007

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
3-month report
- Positive revenue development: good performance in the Mail 
Division, slight decline in Branch Network Division, tripling of 
revenues in the Parcel & Logistics Division - Total Group revenues up
29.5% to EUR 575.5m - Successful integration of trans-o-flex - 
Acquisition of Scanpoint Europe and closing of the acquisition of 
Weber Escal - Earnings before interest and tax (EBIT) up 12.5% to EUR
55.1m - Operating cash flow remains strong at EUR 77.9m - Outlook for
2007 unchanged - Further acquisitions in Q2
Austrian Post performed quite favourably in Q1 2007. Group revenue 
rose by 29.5%, to EUR 575.5m. This improvement can be attributed to 
the initial consolidation of the German specialist logistics company 
trans-o-flex (Parcel & Logistics Division), acquired at the end of 
2006, as well as to organic revenue growth. Revenues from the Mail 
Division rose by 1.8%, while the Parcel & Logistics Division improved
by 222.4%. In contrast, the Branch Network Division posted a decline 
of 1.2%. Considered in terms of seasonal fluctuations, the first 
quarter of the year is generally a high revenue period, due to the 
high mail volumes attributed to business customers. This trend 
intensified in Q1 2007.
Revenue by
division EUR m            Q1       Q1    Change      Structur
                        2006     2007                 Q1 2007
Total revenue          444.3    575.5    +29.5%        100.0%
Mail                   335.8    341.8     +1.8%         59.4%
Parcel&Logistics        56.7    182.9   +222.4%         31.8%
Branch Network          50.3     49.7     -1.2%          8.6%
Other/Consolidation      1.4      1.2    -16.8%          0.2%
Earnings before interest and tax (EBIT) up 12.5%
EUR m                          Q1        Q1       Change
                              2006      2007
Revenue                      444.3     575.5       +29.5%
EBITDA                        69.4      77.4       +11.5%
EBIT                          49.0      55.1       +12.5%
Profit after tax =
Profit for the period         37.0      42.7        +15.4%
Earnings per share (EUR)      0.53      0.61        +15.4%
In Q1 2007, the earnings before interest and tax (EBIT) of Austrian Post climbed
by 12.5%, to EUR 55.1m, in comparison to the preceding year. The EBIT margin
amounted to 9.6%. All operating divisions made a positive contribution to
earnings. EBIT at the Mail Division was EUR 74.4m, at the Parcel & Logistics
Division EUR 9.7m, and at the Branch Network Division EUR 4.6m.
Earnings before tax rose 13.9%, to EUR 55.8m. The profit for the period improved
by 15.4%, to EUR 42.7m.
Solid balance sheet structure - equity ratio of 44.0%
The balance sheet structure of Austrian Post reflects the positive business
development of the company in recent years. The equity ratio amounted to 44.0%
at March 31, 2007. In addition, the financial strength of Austrian Post further
improved. Since the beginning of the year, financial assets as well as cash and
cash equivalents increased by about EUR 50m, to EUR 487.6m.
Cash flow In Q1 2007, operating cash flow before changes in working 
capital declined by 12.0%, to EUR 77.9m, compared to the same period 
of the previous year, despite the rising in earnings before tax. This
decrease can be primarily attributed to higher tax payments in Q1 
Including the changes in working capital, the cash flow from 
operating activities amounted to EUR 58.1m in Q1 2007 (Q1 2006: EUR 
45.4m). The cash flow from investing activities totalled minus EUR 
18.1m during the period under review. The net increase in cash and 
cash equivalents was EUR 40.0m.
Positive outlook for 2007 remains unchanged Austrian Post continues 
to expect a stable mail market for the year 2007. Generally, 
increased competition is anticipated in the mail and above all in the
parcels business, in particular in the business-to-consumer segment, 
due to the market entry of a new postal services provider.
All in all, Austrian Post continues to expect that organic revenue 
will remain constant in 2007. Additional growth will be driven by the
German specialist logistics company trans-o-flex, which is being 
incorporated into the consolidated financial statements of Austrian 
Post for the first time in the 2007 business year. Accordingly, 
Austrian Post continues to predict that earnings before interest and 
tax (EBIT) will be 20%-25% higher in 2007 compared to 2006. The basis
for this expected increase is the contribution of trans-o-flex, as 
well as a further improvement in operating income.
Events after the interim reporting period With the formal closing of 
the transaction in April 2007, Austrian Post legally acquired a 75% 
shareholding in the Austrian specialist logistics company Scherübl 
Transport GmbH. Scherübl specialises in temperature-controlled 
transport and delivery for the pharmaceutical industry. Moreover, on 
May 2, 2007, Austrian Post acquired a 100% shareholding in Road 
Parcel Kft., Hungary, and Merland Expressz Kft., Hungary. Both 
companies operate in the field of business-to-business parcel 
logistics in Hungary.
On May 10, 2007, Austrian Post signed an agreement in which it 
acquired the German direct marketing, production and service company 
meiller direct. In the last business year, meiller direct achieved 
revenues of about EUR 112m from the production of documents and 
mailings, employing a total of 1,180 people.
end of announcement                               euro adhoc 11.05.2007 07:26:52

Further inquiry note:

Further inquiry note:
Austrian Post
Investor Relations:
Harald Hagenauer
Tel.: +43(1)515 51-30401

Head of Public Relations:
Michael Homola
Tel.: +43(1)515 51-32010

Branche: Transport
Index: ATX
Börsen: Wiener Börse AG / stock market

Original content of: Österreichische Post AG, transmitted by news aktuell

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