Belgian post parcel business volume rise first half profit increment

New data show that the development of postal group in Belgium, domestic and international parcel service to make up for the decline in the volume of mail and financial support from the state to reduce, the group maintained stable revenue in the first half of 2013, and profit increased slightly.
2013 1-6 months, the group profit growth of 3%, to 181500000 euros, net profit rose 3%, to 166900000 euros.
Belgium postal group successfully listed in Brussels stock exchange in June, it said, business development in line with management expectations and forecast for the full year results.
Report of company revenue increased 0.5% to 1236000000 euros, but formal revenue fell 0.6% to 1221000000 euros, not including the sale of Certipost and reduce the human cost of the one-time revenue. The report's operating profit fell to 282400000 euros from 288400000 euros, while margins remain stable, 23%. EBIT slightly increased, reached 267800000 euros, equivalent to the business profit margin remained at 22%.
Belgium postal chief executive said, mail volumes over the face greater pressure, but the company is able to maintain profitability through cost control structure. The positive development of the parcel business the company encouraged, it is an important part of the company's future strategy.
For business development trend, Belgian post, parcel service and strong development and production capacity, can effectively make up for the national finance down to reduce post public service support and mail volume.
Compared with the same period last year, the first half of 2013 domestic mail volume decreased by 4.7%, compared with the previous year decreased slightly higher. The first quarter decreased by 5.6%, while the second quarter appeared some recovery, a decline of 3.8%. Prices and domestic mail combination improved slightly more than the inflation, in line with the company policies and regulatory framework.
Thanks to the domestic and international parcel market growth, 17% growth in organic revenue company parcel service, increase the income of 16800000 euros. In addition, the Belgian post early in the acquisition of Usa Inc Landmark Global, the company business income contribution of 16900000 euro package.
In addition, the Belgian post through continued to improve productivity and reduce operating costs 19500000 euros, to stabilize the performance of the company. The company points out, all the productivity gains plans have been on the right track, and achieved the expected results.
Belgium postal expects full year 2013 will maintain a stable business income. In the mail business, expects the economic environment will continue to have a negative impact on advertising and customer profitability, which leads to a decrease in the amount of domestic mail. In contrast, the growth of electronic commerce will further increase the amount of package.
Belgium postal express, can at least make annual income tax depreciation and EBITDA and EBIT to maintain stability based on regularization of the company.
MYEX Minya Express International
2013-09-02