Oesterreichische Post (POST) Q1 2026 earnings summary

Executive summary

• Group revenue increased by 0.9% year-over-year to EUR 770.7m in Q1 2026, driven by e-commerce growth despite declines in mail and telecom segments and a challenging macroeconomic environment.

• EBITDA fell by EUR 7.7m to EUR 93.8m and EBIT dropped by EUR 11.6m to EUR 36.8m, reflecting transformation costs, regulatory impacts, and the end of telecom sales cooperation.

• Profit for the period declined 61.3% to EUR 15.3m, mainly due to negative valuation effects from the Aras Kargo stake.

• The launch of the YELLLOW mobile brand, integration of euShipments.com, and strong performance from bank99 were notable positive developments.

• E-commerce & Logistics division offset declines in Mail, Retail & Services and Bank divisions.

Financial highlights

• Revenue: EUR 770.7m (+0.9% YoY); EBITDA: EUR 93.8m (-7.6% YoY); EBIT: EUR 36.8m (-23.9% YoY).

• Profit for the period: EUR 15.3m (-61.3% YoY); EPS: EUR 0.22 (-60.8% YoY).

• Operating free cash flow: EUR 73.4m; equity: EUR 722.4m as of 31 March 2026.

• Gross cash flow: EUR 70.7m (-13.1% YoY); CAPEX: EUR 20.6m (-17.0% YoY).

• Financial debt at EUR 124.2m; logistics equity ratio at 27%.

Outlook and guidance

• Slight revenue increase expected for 2026, with broadly stable EBIT and earnings targeted, and a weaker first half followed by a stronger second half.

• E-commerce & Logistics division expected to grow in the upper single-digit range; Mail, Retail & Services to decline mid-single digits.

• Investments (CAPEX) planned at EUR 140–160m, focusing on logistics modernization, parcel machines, and electrification.

• Bank division revenue expected slightly above prior year despite lower interest rates.

• Targeting full-year earnings in line with 2025, subject to macroeconomic and FX developments.