Parcel service to promote the Belgian post year-on-year profit growth in the third quarter

Recently, with the Belgian postal parcel business, achieved year-on-year profit growth in the third quarter.
Belgian post by the government holding 51%, although before now receive state subsidies to lower and government contract, but the Belgian postal revenue in the third quarter, still grew 3.1%, amounted to 566600000 euros. The quarter net profit rose 39.7%, to 44900000 euros. Domestic mail volumes continue to steadily, to Internet customers fell 3.7% in the first three months of this year, less than the 4.8% decline.
Belgium postal express mail volumes, these figures show that in the second half of this year some rebound. Inflation caused by rising prices also helps to offset the third quarter decline in the volume of mail financial impact. Following the first half of the year, international mail business continued to decline, the third quarter fell 3100000 euros, up to now, have been reduced by 12700000 euros this year.
In the Belgian post is committed to expanding its e-commerce customer base, domestic parcel revenue increased by 5% parcel business quarter, transaction volume year-on-year increase of 7.7%, higher than the strong growth in the first half of 6.4%. Operating income increased by 48%, half of which belongs to organic growth, in the rapid development of international parcel thanks to Landmark Global and Usa Inc acquisitions.
The company's real estate disposal project also increased the income of the third quarter to a certain extent, such as the sale of the single building for 11400000 euros. However, affected by the economic situation, although some products (such as prepaid credit card) is on the rise. However, the banking and financial business income in the third quarter fell to 2700000 euros. At the same time, productivity improvement plan implementation effect than expected, a total reduction of 974 full-time jobs, saving labor costs 9200000 euros, other measures will also be quarter cost reduction of 1900000 euros.
Belgium postal chief executive Johnny Thijs said, the third quarter results fully demonstrated the strength of the company, especially at this stage of e-commerce is growing in Belgium and abroad. Affected by the domestic mail volume in early 2013, but declined in the second quarter slowed down, and lasted until the third quarter of. Company productivity improvement program also continues to play a due role, beyond our expectations. These factors work together to promote the company profit margin improved slightly, also proved that the company strategy is correct.
MYEX Minya Express International
2013-12-09