Austrian Post: Growth in e-commerce drives parcel volumes

Negative effects relating to the trans-o-flex Group impacted the earnings situation of the Parcel & Logistics Division in 2014

EBITDA of the Parcel & Logistics Division at Austrian Post was EUR 41.4m compared to EUR 42.8m in the 2013 financial year. Negative effects relating to the trans-o-flex Group impacted the earnings situation in the previous year as well as in the current reporting period.

The efficiency enhancement programme being implemented in the trans-o-flex Group includes the reintegration of external services by taking over selected distribution partners. The objective is to optimize operating costs and exploit synergies in the field of distribution logistics.

Write-downs and structural measures relating to the integration of the distribution companies totalled EUR 9.8m in 2014 (2013: EUR 7.1m of write-downs). Furthermore, as previously mentioned, an impairment loss on goodwill of the trans-o-flex Group of EUR 38.9m was recognised during the period under review, compared to an impairment loss of EUR 27.0m for this company in 2013. As a result, EBIT of the Parcel & Logistics Division was minus EUR 19.5m, compared to minus EUR 4.9m in the previous year.

Total revenue of the Parcel & Logistics Division rose by 3.1% in 2014 to EUR 882.0m. From a regional perspective, 55.4% of total revenue in the Parcel & Logistics Division was generated in Germany, 35.6% in Austria and 9.0% by the subsidiaries in South East and Eastern Europe.

Revenue in Austria and the CEE markets developed very positively, the German subsidiary trans-o-flex suffered from a slight revenue decline of 0.1% as a consequence of the challenging competitive situation. In contrast, revenue growth in Austria reached a level of 6.5% in 2014, supported by the trend towards online shopping as well as market share increases in the business parcel segment. In total, the subsidiaries in South East and Eastern Europe posted a substantial revenue increase of 10.7%.

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Quelle: LogEastics
Portal: www.logistik-express.com