Report
Stefano Toffano ...
  • Wim Gille

Bpost : 3Q results

>Resilient top-line growth - Bpost’s results for the third quarter presented another quarter of resilient top-line growth, combined with increased pressure on margins due to inflation. Total operating income for the group was ca. € 1.0bn and adjusted EBIT € 26m, respectively +3% and +50% vs. consensus, though the latter compared to a small base. Overall a better quarter than feared; Bpost reduced the previously identified downside risk to € 15m (from € 25m) and revise...
Underlying
Bpost SA

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.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Stefano Toffano

Wim Gille

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