Oesterreichische Post (POST) Q2 2025 earnings summary

Executive summary

• Revenue for H1 2025 was EUR 1,488.1m, down 1.1% from 2024 but 15.8% above 2023, impacted by prior-year special effects and currency changes.

• EBIT fell 11.0% year-over-year to EUR 94.0m, with profitability affected by the absence of one-offs and currency effects.

• Mail division revenue declined after a strong prior year, while Parcel Austria and Türkiye operations posted growth.

• Retail & Bank division posted first positive EBIT, driven by bank99 and improved branch network, with bank99 nearing break-even.

• Strategic focus remains on strengthening the Austrian core, international e-commerce growth, and operational excellence.

Financial highlights

• EBITDA margin was 13.4% (down from 14.1% in 2024); EBIT margin at 6.3% (down from 7.0%).

• Operating free cash flow rose to EUR 160.9m (+9.3% YoY), supported by a special tax effect.

• Equity stood at EUR 698.8m as of June 2025, with an equity ratio of 11.2%.

• Dividend of EUR 1.83 per share paid in April 2025.

• Staff costs increased 0.9% YoY to EUR 699.0m, with average headcount up 1.1% to 28,103 FTEs.

Outlook and guidance

• 2025 revenue is expected to match 2024 levels, with EBIT targeted around EUR 200m.

• Mail revenue projected to decline due to digitalization and absence of prior-year special effects.

• Parcel & Logistics expected to grow, especially in H2, contingent on international trade and currency trends in Türkiye.

• CAPEX for 2025 forecasted at EUR 150–160m, focusing on maintenance, decarbonization, and growth.

• Retail and bank EBIT expected at EUR 1–3 million for the full year.