Bpost : Closing out a challenging year and getting ready for another
>In-line quarter, but disappointing outlook for 2023 - Bpost’s results for the fourth quarter were in line with guidance. Group operating income was once again resilient, while inflationary pressures pressured yoy income growth. Total group operating income for in the quarter was c. € 1.3bn and adjusted EBIT € 77m, respectively -1% and +4% vs. consensus and within the implied guidance range of € 63-98m for 4Q22. For 2023, Bpost is expecting another year of inflationar...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.
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.
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