Austria post first quarter operating profit fell

According to the latest statistics, in 2014 one quarter of Austria postal parcel business has increased, but failed to make up the letter business to reduce the amount of the loss, profit fell 2.6 percentage points.
The first quarter of 2014, Austria post income reached 598000000 euros, down 0.7 percentage points; operating profit was 58200000 euros, down 2.6 percentage points, pre tax profit margin is 9.7%.
Package and logistics business, a good development trend in the domestic market of Austria, but in Germany but competition is intense, a slow growth in central and Eastern europe. The total income package and logistics business for 220000000 euros, an increase of 3.7 percentage points. However, due to the negative effect of trans-o-flex subsidiary writedowns and restructuring measures, profit rate to 25% drop to 5500000 euros.
In Germany, despite the competition remains fierce and facing price pressure, trans-o-flex income at a rate of 2.6% to 125000000 euros, and focus on profitability and higher margin services.
In Austria, with the rapid development of online shopping and the new logistics solutions, and driving the increase in market share of B2B, wrapped the income of 77000000 euros, an increase of 4.4%. The company launched the 50 package terminals and 6200 boxes, in 2014 is expected to be about 1000000 packages.
In Southeast Asia and Eastern Europe, 8.7% to 17600000 euros in revenue growth, and each sub company's productivity has increased. The local operators committed to infrastructure investment, and strive to improve customer parcel delivery capability.
A quarter, mail and branch network business revenue fell 3.1% to 379000000 euros, EBIT declined 1.4% to 77900000 euros, pre tax profit rate rose slightly to 19.6%. Electronic alternative trend and new e-government solutions have influence on the number of messages.
MYEX Minya Express International
2014-06-03