Bpost Q2 Group Operating Income Down -3.8% YoY At EUR 988.2 Mln
Aug 2 (Reuters) -Bpost SA BPOST.BR:
BELGIUM'S RESILIENCE AND EUROPEAN GROWTH CUSHION NORTH AMERICA'S REVENUE DECLINE
2024 GROUP EBIT OUTLOOK AS COMMUNICATED 3RD OF JULY 2024
Q2 ADJUSTED EBIT EUR 57.8 MILLION
Q2 GROUP OPERATING INCOME AT 988.2 MEUR, IN LINE WITH LAST YEAR (-3.8%)
EXPECTS THE GROUP TOTAL OPERATING INCOME FOR 2024 TO DECREASE BY A LOW SINGLE-DIGIT PERCENTAGE
Q2 BELGIUM TOTAL OPERATING INCOME AT 563.8 MEUR (UP BY +1.1%)
ADJUSTED EBIT IS EXPECTED TO RANGE BETWEEN 165 MEUR AND 185 MEUR, PRIOR TO THE CONSOLIDATION IMPACT OF STACI.
GROSS CAPEX ENVELOPE IS REVISED DOWNWARDS AND IS NOW EXPECTED TO BE AROUND 150 MEUR (VERSUS. 180 MEUR INITIALLY)
THE NEW CONTRACTS WITH NEWSPAPERS COME WITH LESS FAVORABLE CONDITIONS
Further company coverage: BPOST.BR
(Gdansk Newsroom)
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