Oesterreichische Post (POST) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue increased by 0.7% year-over-year to EUR 763.6m, despite a challenging economic environment and two fewer working days, with Austria in recession but growth in CEE and Türkiye.

• EBIT declined 7.6% year-over-year to EUR 48.4m, mainly due to strong prior-year comparables and absence of one-time tailwinds.

• Mail division saw a decline after 2024's positive effects; Parcel & Logistics grew in Austria and Türkiye but declined in CEE/SEE due to Asian volume volatility; Retail & Bank posted slight growth, with bank99 on track for break-even and receiving a Moody’s investment grade rating.

• Strategic update unveiled with a 2030 vision focused on leadership in logistics, e-commerce, and service innovation.

Financial highlights

• Revenue: EUR 763.6m (+0.7% year-over-year); EBIT: EUR 48.4m (-7.6%); EBITDA: EUR 101.6m (-1.8%).

• EBIT margin declined from 6.9% to 6.3%; earnings per share at EUR 0.56, down from EUR 0.59 in Q1 2024.

• Operating free cash flow reached EUR 124.6m, supported by a positive tax effect.

• Equity ratio improved to 31% as of March 2025.

Outlook and guidance

• Maintains guidance for modest revenue growth and EBIT target of approximately EUR 200m for 2025.

• Strategic goal to reach EUR 4bn in revenues and at least 6% EBIT margin by 2030.

• CAPEX for 2025 projected at EUR 150–160m, with investments in growth, maintenance, and decarbonisation.

• Parcel & Logistics and Retail & Bank expected to see mid-single-digit revenue growth; Mail revenue to decline.