bpost: our results are in line with expectations

bpostgroup has announced its results for the first quarter 2025 – Staci contribution helps offset impact of new Press contracts, domestic strikes and revenue pressure in North America. First quarter 2025 highlightsGroup operating income at 1,119.0 mEUR, +12.7% or +125.9 mEUR compared to last year (Staci contribution of 199.0 mEUR).Group adjusted EBIT at 41.6 mEUR with a margin of 3.7%, down by 28.2 mEUR. Staci contribution 13.1 mEUR, including -5.1 mEUR annual front-loaded IFRIC21 impact. Group reported EBIT at 34.2 mEUR.BeNe Last-MileTotal operating income at 564.8 mEUR, a decrease of -5.5% or -33.1 mEUR.Lower Press revenues (-18.6 mEUR)Lower mail revenues (excluding Press) -9.7 mEUR reflecting volume decline of -8.0% and +3.9% of price mix impactStable parcels revenues despite volumes decline of -2.1 % driven by February strike impactSlightly lower OPEX mainly driven by salary indexations offset by unpaid absence and lower FTE’s (due to strike) and lower costs of salesAdjusted EBIT at 27.6 mEUR (4.9% margin) and reported EBIT at 26.9 mEUR. EBIT impact from strikes amounted to -6 mEUR.3PL Total operating income at 430.0 mEUR (+63.6%) driven by the integration of Staci (199.0 mEUR), continued expansion at Radial Europe and Active Ants (+12 %), offset by lower revenues at Radial North America due to client churnHigher opex from Staci consolidation, offsetting reduced opex from lower US volumes and productivity gainsAdjusted EBIT at 6.8 mEUR (1.6% margin) and reported EBIT at -1.8 mEUR.Global Cross-border Total operating income at 145.2 mEUR (-5.2%), reflecting lower revenues at Landmark US and modest growth in Asian volumes with destination Belgium (mixed client trends).Opex decrease in line with lower volume driven transport costsAdjusted EBIT at 19.3 mEUR (13.3% margin) and reported EBIT at 21.2 mEUR (14.6% margin).Full year 2025 group EBIT outlook unchanged despite strike impacts. Chris Peeters, CEO of bpostgroup: “Despite the challenges faced in the first quarter of this year, our results are in line with expectations. We can confirm our outlook for 2025, although we remain cautious.​​The deep transformation we are implementing is undeniably crucial and takes time. This quarter, we are beginning to see the first signs of change. Staci continues to perform well and makes a clear positive contribution. At the same time, we are seeing promising effects from the introduction of Radial Fast Track in North America and from the synergies stemming from the integration within the 3PL business unit.​​Our full focus remains on executing the transformation and delivering on our strategic priorities.”LeadershipThomas Mortier, CEO 3PL Europe, has informed bpostgroup that he plans to step down as CEO at the end of this year. From January 2026 on, he continues to accompany the transformation of the 3PL business unit in a (part-time) advisory role, while remaining an investor in the company. bpostgroup has already started the search for a new CEO for 3PL Europe. Chris Peeters, CEO of bpostgroup, said: “Staci and Thomas Mortier have quite a history together. Thomas has done a fantastic job at Staci in the last decades and within the bpostgroup in the last months. We have to respect his wish to take more personal time and appreciate that he will stay on for a couple of years, even if it is in a more external role. The integration is well underway and the different teams of Radial Europe, Staci and Active Ants work already hand in hand on a daily base. The way of working and the flexible customer offering will be finetuned in the coming month, and this under the leadership of Thomas.”Weiter zum vollständigen Artikel bei Post&Parcel Weiter zum vollständigen Artikel bei Post&Parcel