bpost Downgrades outlook following press impact and though N-A market
Following the closing of the press negotiations, bpost expects the adj. EBIT for 2024 to come in between € 165 – € 185m including the press impact. Although no group guidance was available previously, the new guidance comes in below our estimate of € 215m. Next to the press impact, the new outlook also includes further unfavourable market conditions in N-A. Additionally, bpost mentioned that the Staci acquisition is expected to close in the coming weeks. After revisiting our estimates, we reiterate our Buy but lower our TP from € 6.9 to € 5.0psBpost 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.