Bpost : Still in a challenging environment
>Top-line pressures and one-off costs - Bpost experienced pressure on both its Q1 24 revenues as well as its operating earnings. Group operating income (i.c. revenue) for the quarter came in at € 993m and adjusted EBIT at € 62m, respectively -3% and -11% vs. ccs, and -6% and -3% vs. our estimates. Bpost’s results continue to be driven by (a slowing) Belgium and E-Logistics Eurasia, while E-Logistics NA performed poorly once again due to challenging market conditions. ...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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