bpost 2Q22: cost savings result in strong adj. EBIT beat, upgrades outlook
Bpost reported a very good set of result, beating consensus estimates on total operating income and adj. EBIT by respectively 2% and 17%. The operating income was mainly driven by another strong performance at Radial US while various cost saving initiatives and increased sales effort resulted in a nice adj. EBIT at Belgium. Although the macro headwinds continue, bpost seems confident to up its outlook, expecting only up to € 25m downside risk to its earlier set € 280-€ 310m adj. EBIT guidance, whereas this was previously up to € 40m.Bpost is engaged in the provision of national and international mail and parcels services comprising the collection, transport, sorting and distribution of addressed and non-addressed mail, printed documents, newspapers and parcels. In addition, through its subsidiaries and business units, Co. sells a range of other products and services, including postal, parcels, banking and financial products, express delivery services, document management and related activities. Co. operates through two business units: the Mail & Retail Solutions and the Parcels & International.
We are a financial services provider for several types of professional clients, each with distinct needs.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.