EQS-News: AUSTRIAN POST 2023 Results: Increase in 2023 revenue and earnings driven by strong parcel growth and improvement in bank99
EQS-News: Österreichische Post AG / Key word(s): Annual Results
AUSTRIAN POST 2023 Results: Increase in 2023 revenue and earnings driven
by strong parcel growth and improvement in bank99
13.03.2024 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
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AUSTRIAN POST 2023 RESULTS:
Increase in 2023 revenue and earnings driven by strong parcel growth and
improvement in bank99
Revenue in 2023
• Revenue +8.7 % to EUR 2,740.8m
• Mail –2.3 % to EUR 1,190.4m
• Parcel & Logistics +16.6 % to EUR 1,416.5m
• Retail & Bank +37.6 % to EUR 168.6m
Earnings in 2023
• EBITDA +5.0 % to EUR 391.6m
• EBIT +1.0 % to EUR 190.2m
• Earnings per share +5.5 % to EUR 1.96
Cash flow, balance sheet and dividend
• Operating free cash flow of EUR 221.6m (+21.0 %)
• Equity of EUR 716.7m as at 31 December 2023
• Dividend proposal to the Annual General Meeting on 18 April 2024:
EUR 1.78 per share (+1.7 %)
Outlook for 2024
• Revenue growth target in the low to mid-single digit range
• Continuation of the stable earnings development: operating earnings
(EBIT) is projected to be at the same level as last year
Austrian Post faced challenging economic conditions in 2023. High
inflation and the simultaneous economic decline had negatively impacted
the investment behaviour of consumers and companies. On the back of this
difficult market environment retail segments were particularly affected.
This negative trend also influenced Austrian Post’s mail order and
advertising customers. “Against the backdrop of the challenging
macroeconomic environment, we are very satisfied with the performance of
our company,” explains CEO Georg Pölzl. “Growth in the parcel business as
well as the increase in financial services of bank99 have more than offset
the decline in letter mail and direct mail items,” Pölzl adds.
Group revenue improved by 8.7 % to EUR 2,740.8m in 2023. In this context,
the Parcel & Logistics Division showed a revenue increase of 16.6 % to
EUR 1,416.5m based on volume growth in all regions of Austrian Post for
the full-year 2023, parcel volumes rose by 10 % in Austria, 29 % in
Southeast and Eastern Europe and 4 % in Türkiye. The business in Türkiye
continues to be impacted by high inflation and a volatile exchange rate
development. In 2023, the Mail Division reported a 2.3 % drop in revenue
to EUR 1,190.4m, which is due to a further decline in the conventional
letter mail business as well as volume decreases in direct mail. The
Retail & Bank Division generated strong revenue growth of 37.6 % to
EUR 168.6m on the back of an improved interest rate environment for
banks.
Despite the challenges from inflation and closely related price pressure
for energy, materials and staff costs, Austrian Post achieved an
improvement in its main earnings indicators in 2023. EBITDA increased by
5.0 % to EUR 391.6m and earnings before interest and taxes (EBIT) by 1.0 %
to EUR 190.2m. The Mail Division generated EBIT of EUR 152.3m in 2023,
down by 3.3 % from the previous EUR 157.6m. Declining volumes could only
be partially offset by postal rate adjustments. EBIT achieved by the
Parcel & Logistics Division equalled EUR 89.5m, up by 0.8 % from EUR 88.8m
in the previous year. The Retail & Bank Division reported an EBIT of minus
EUR 13.7m in 2023 compared to minus EUR 26.7m in 2022, thus achieving a
strong earnings improvement of 48.6 %. In this respect, a significant
contribution was made by the positive development of the financial
services business of bank99, which can be attributed to the improved
interest rate environment in Europe. The profit for the period of the
Austrian Post Group rose from EUR 128.1m to EUR 138.7m in the 2023
financial year, resulting in improved earnings per share of EUR 1.96
compared to EUR 1.86 in the previous year (+5.5 %). Due to this solid
performance and balance sheet position, an attractive dividend at EUR 1.78
per share will be proposed to the Annual General Meeting on 18 April 2024
(+1.7 %). This corresponds to a payout ratio of 87 % of the Group net
profit and a dividend yield of 5.4 % in relation to the closing share
price on 31 December 2023.
The markets in which Austrian Post operates continue to be negatively
impacted by a high level of inflation and weak economic stimulus. These
conditions adversely affect both the willingness of companies to invest
and the purchasing behaviour of consumers. In order to address these
challenges, it is crucial for Austrian Post to achieve a positive revenue
development driven by innovative solutions, new products and services as
well as price adjustments. In line with current forecasts, Austrian Post
expects to generate low to mid-single digit growth in the 2024 financial
year. Revenue growth and, at the same time, cost discipline and efficiency
measures are required to ensure the targeted stability of Austrian Post.
Assuming a positive economic development in Austrian Post’s markets, the
company is therefore targeting earnings (EBIT) at the previous year’s
level for the 2024 financial year.
The extensive investment programme implemented in previous years has been
concluded and led to a tripling of sorting capacities in Austria. Over the
next few years, the investment priorities will be automation,
digitalisation, the expansion of international logistics and e-mobility.
For example, one goal is to realise CO[2]-free delivery in Austria over
the last mile by 2030. This is because “we want to continue being a leader
in climate-friendly logistics and strengthen our service performance,
efficiency and speed through continuous improvements,” states CEO Georg
Pölzl. Therefore, Austrian Post plans capital expenditures of about
EUR 140–150m in 2024.
“Our more than 27,00 employees form the foundation of our successful
performance, because they are working with great commitment each and every
day for our customers. They deserve our sincere gratitude for their
efforts,” Georg Pölzl concludes.
The complete version of the outlook as well as detailed information
(excerpts) from the Group management report for the 2023 financial year
can be found starting on page 4. The entire report is available on the
website of Austrian post under post.at/investor in the Download Centre.
KEY FIGURES
Change
EUR m 2022 2023 % EUR m Q4 2022 Q4 2023
Revenue 2,522.0 2,740.8 8.7 % 218.8 706.2 771.5
Mail 1,218.0 1,190.4 –2.3 % –27.6 331.1 323.8
Parcel & Logistics 1,214.6 1,416.5 16.6 % 201.9 349.4 407.4
Retail & Bank 122.5 168.6 37.6 % 46.1 37.3 50.0
Corporate/Consolidation –33.2 –34.7 –4.7 % –1.6 –11.6 –9.6
Other operating income 107.3 100.3 –6.5 % –6.9 28.3 23.4
Raw materials, consumables
and services used –750.1 –832.4 –11.0 % –82.3 –218.9 –235.4
Expenses for financial
services –11.3 –21.6 –90.6 % –10.3 –1.8 –9.7
Staff costs –1,144.2 –1,215.4 –6.2 % –71.2 –298.8 –328.7
Other operating expenses –352.3 –387.4 –10.0 % –35.1 –102.3 –112.9
Results from financial
assets accounted for using
the equity method –0.3 2.1 >100 % 2.5 –0.1 0.6
Net monetary gain 1.8 5.1 >100 % 3.3 2.2 0.3
EBITDA 372.7 391.6 5.0 % 18.8 114.7 109.1
Depreciation, amortisation
and impairment losses –184.3 –201.3 –9.2 % –17.0 –51.6 –49.7
EBIT 188.4 190.2 1.0 % 1.8 63.1 59.5
Mail 157.6 152.3 –3.3 % –5.3 46.9 50.2
Parcel & Logistics 88.8 89.5 0.8 % 0.7 30.1 28.8
Retail & Bank –26.7 –13.7 48.6 % 12.9 –1.8 –8.1
Corporate/Consolidation^1 –31.3 –37.9 –20.9 % –6.6 –12.1 –11.4
Financial result –24.7 –3.0 87.8 % 21.7 –3.6 0.5
Profit before tax 163.7 187.2 14.4 % 23.5 59.5 60.0
Income tax –35.6 –48.5 –36.4 % –12.9 –16.1 –12.0
Profit for the period 128.1 138.7 8.3 % 10.6 43.4 47.9
Earnings per share (EUR)^2 1.86 1.96 5.5 % 0.10 0.61 0.66
Gross cash flow 330.6 320.6 –3.0 % –10.1 96.8 104.5
Cash flow from operating
activities –80.0 254.5 >100 % 334.4 65.5 181.1
CAPEX 151.8 155.3 2.3 % 3.4 52.4 57.3
Free cash flow –270.3 158.8 >100 % 429.1 9.6 136.7
Operating free cash flow^3 183.1 221.6 21.0 % 38.5 35.5 44.4
^1 Includes the intra-Group cost allocation procedure
^2 Undiluted earnings per share in relation to 67,552,638 shares
^3 Free cash flow before acquisitions/securities/money market investments,
Growth CAPEX and core banking assets
Vienna, 13 March 2024
EXCERPTS FROM THE GROUP MANAGEMENT REPORT 2023
REVENUE DEVELOPMENT IN DETAIL
The Austrian Post Group’s revenue rose by 8.7 % to EUR 2,740.8m in 2023.
The Parcel & Logistics Division recorded strong revenue growth of 16.6 %
in 2023 with its Turkish business. Excluding the parcel business in
Türkiye, the division generated sales growth of 10.2 % in 2023.
The Mail Division accounted for 42.9 % of Austrian Post’s revenue in 2023.
The division’s revenue of EUR 1,190.4m was impacted by the structural
decline in the volume of addressed letters due to electronic substitution,
but has benefited from the positive effect of the latest price
adjustments. The advertising environment is also subdued due to the
economic downturn in specific retail segments.
The Parcel & Logistics Division generated 51.0 % of Group revenue, or
EUR 1,416.5m, in the reporting period. The parcel business showed very
positive development in all regions. Logistics Solutions saw lower revenue
due to the discontinuation of special logistics services commissioned due
to the pandemic.
The Retail & Bank Division achieved a 6.1 % share of Group revenue in the
2023 financial year with revenue of EUR 168.6m. The development of the
interest rate landscape in the 2023 financial year made a positive
contribution to revenue in this division.
Revenue in the Mail Division amounted to EUR 1,190.4m in 2023, 63.0 % of
which can be attributed to the Letter Mail & Business Solutions business,
26.1 % to Direct Mail and 10.9 % to Media Post.
At EUR 750.4m, revenue in the Letter Mail & Business Solutions business
fell short of the prior-year level by 2.3 % in the 2023 financial year.
Volumes continued to decline as a result of the substitution of letters by
electronic forms of communication. While letter volumes hardly fell from
2021 to 2022, supported by positive special effects such as the election
of the Austrian president and campaigns to send out energy and climate
bonuses, the decline in 2023 was more pronounced in the absence of as many
special effects. The average for the last two years (2021 – 2023) was
around 6 % p.a. Inflationary pressure on all cost types led to adjustments
in the product and price structure, as well as to necessary efficiency
improvements in internal processes. International letter mail was
influenced by a reduction or shift in volume towards parcel products.
Business Solutions reported slightly lower figures.
Revenue from Direct Mail fell by 3.9 % to EUR 310.2m in the 2023 financial
year. The advertising environment, which was subdued due to economic
challenges and structural decline in specific customer segments (mail
order), was only partially offset by adjustments to the price structure.
There are also signs of consolidation in bricks-and-mortar retail (e.g.
furniture sector).
The revenue from Media Post, i.e. the delivery of newspapers and
magazines, rose by 2.5 % year-on-year to EUR 129.9m. This increase is
mainly due to adjustments to the product and price structure.
Revenue in the Parcel & Logistics Division rose by 16.6 % to EUR 1,416.5m
in the 2023 financial year. The parcel business showed very positive
development in all regions.
The Austrian parcel business (Parcel Austria) saw revenue increase by
10.9 % to EUR 806.4m in the reporting period. Parcel growth showed a
positive volume trend of 10 % in 2023, helped along by high levels of
confidence in the quality offered by Austrian Post and rising volume flows
from Asia.
Revenue in Türkiye and Azerbaijan (Parcel Türkiye) increased by 41.0 %
compared to 2022 to EUR 355.1m. On the one hand, this high growth can be
traced back to increasing volumes. On the other, the increases /
fluctuations in revenue in the individual quarters of 2023 are influenced
by high inflation and the exchange rate of the Turkish lira (accounting in
accordance with IAS 29 Financial Reporting in Hyperinflationary
Economies).
The parcel business in Southeast and Eastern Europe (Parcel CEE/SEE)
continues to show positive growth rates, with revenue up 15.2 % at
EUR 198.1m in the 2023 financial year. There was also a sharp increase in
volumes from Asia in this region (+29 %).
Logistics Solutions (including consolidation) reported a drop of 10.7 % to
EUR 56.9m in the current reporting period. This effect is due primarily to
the discontinuation of special logistics services commissioned in response
to the pandemic in previous years.
Revenue in the Retail & Bank Division increased by 37.6 % from EUR 122.5m
to EUR 168.6m in the 2023 financial year, with 75.9 % attributable to
income from financial services and 24.1 % to branch services. Income from
Financial Services rose by 54.2 % to EUR 128.0m in the current reporting
period. This is due primarily to what is now an improved interest rate
environment in Europe. Branch Services reported an increase of 2.8 % to
EUR 40.6m in 2023 due to price adjustments for merchandise to reflect
inflation.
EARNINGS DEVELOPMENT
The structure of expenses at Austrian Post features a high share of staff
costs. Accordingly, 45.7 % of total operating expenses incurred in 2023
were attributable to staff costs. The second largest expense item, at
31.3 %, was the cost of raw materials, consumables and services used,
which largely includes outsourced transport services. Furthermore, 14.6 %
could be attributed to other operating expenses and 7.6 % to write-downs.
Expenses for financial services account for 0.8 % of total operating
expenses.
Staff costs in the 2023 financial year amounted to EUR 1,215.4m, up by
6.2 % or EUR 71.2m. The change includes salary adjustments under
collective bargaining agreements in operating staff costs, which are
offset by a high level of cost discipline. The Austrian Post Group had an
average of 27,254 employees (full-time equivalents) in the 2023 financial
year, compared to an average of 27,132 employees in the same period of the
previous year (+0.4 %). Non-operating staff costs relate to termination
benefits and changes in provisions, which can be attributed primarily to
the specific employment situation of civil servant employees. In the 2023
financial year, there were no significant negative effects, unlike in the
previous year.
Raw materials, consumables and services used increased by 11.0 % to
EUR 832.4m. Transport by external service providers in particular
contributed to this increase due to higher volumes in all parcel regions.
Other operating income fell by 6.5 % to EUR 100.3m in 2023. While the
current reporting period included a gain of EUR 19.3m from the sale of a
property, the previous year’s figure included COVID-19 refunds from the
federal government and a positive one-off effect in connection with Aras
Kargo (option valuation). The EBIT effect in 2022 in connection with Aras
Kargo (option valuation), including the IAS 29 hyperinflation valuation
and goodwill amortisation, amounted to EUR 13.6m. Other operating expenses
increased by 10.0 % to EUR 387.4m. There was a particular increase in the
area of IT services.
The accounting standard IAS 29 (Financial Reporting in Hyperinflationary
Economies) is to be applied for the Turkish subsidiaries. Accordingly,
items in the income statement and non-monetary items were adjusted on the
basis of the general price index (see Notes to the consolidated financial
statements, Note 3.3 Hyperinflation). The profit or loss from net monetary
items is presented as a separate item in the income statement. In the 2023
financial year, the gain from net monetary items amounted to EUR 5.1m.
EBITDA in 2023 came to EUR 391.6m, 5.0 % above the previous year’s level
of EUR 372.7m, corresponding to an EBITDA margin of 14.3 %. Depreciation
and amortisation in 2023 were up by 4.4 % or EUR 8.1m year-on-year to
EUR 189.7m. The increase is due predominantly to investments in new parcel
logistics infrastructure locations. Impairment losses totalling EUR 11.6m
in connection with software and right-of-use assets related to buildings
are also included. EBIT increased by 1.0 % in the financial year under
review from EUR 188.4m in the previous year to EUR 190.2m, despite higher
depreciation and amortisation. The EBIT margin for 2023 came to 6.9 %.
The Group’s financial result improved from minus EUR 24.7m to minus
EUR 3.0m in 2023. The change is due to the fact that the previous year
included a valuation effect from financial parameters related to the
option liability for the remaining 20 % of the shares in Aras Kargo in the
amount of minus EUR 18.8m. Income tax increased from minus EUR 35.6m to
minus EUR 48.5m in 2023. This resulted in a profit for the period of
EUR 138.7m for the 2023 financial year, compared with EUR 128.1m in the
previous year (+8.3 %). Basic earnings per share were EUR 1.96 compared to
EUR 1.86 in the same period of the previous year (+5.5 %).
EBIT BY DIVISION
Earnings (EBIT) for the 2023 financial year rose from EUR 188.4m to
EUR 190.2m (+1.0 %), reflecting a very positive revenue trend (+8.7 %) as
well as cost increases due to inflation.
In terms of divisional result, the Mail Division achieved EBIT of
EUR 152.3m in 2023 as against EUR 157.6m in the previous year (–3.3 %).
This decrease is due to the steady drop in volumes and cost increases in
all areas, which could only be partially offset by the pricing measures
implemented.
The Parcel & Logistics Division generated EBIT of EUR 89.5m in the 2023
financial year, compared to EUR 88.8m in the previous year (+0.8 %).
Looking at the year-on-year comparison, it is important to note that
increased positive special effects had an impact in 2022 (primarily the
option valuation related to the increase in the stake in Aras Kargo). From
a regional perspective, the operating parcel business in Austria, Türkiye
and Azerbaijan showed positive development, while earnings in Southeast
and Eastern Europe were lower due to market pressure in a number of
countries. In addition, business performance in Türkiye is more affected
by inflation and currency translation than other markets. The
discontinuation of special logistics services commissioned in response to
the pandemic in the current reporting year had a negative impact on the
division’s result.
The Retail & Bank Division reported EBIT of minus EUR 13.7m in the 2023
financial year, compared to minus EUR 26.7m in the previous year, meaning
that earnings improved by a significant 48.6 % or EUR 12.9m. The positive
trend in the financial services business, based on increased interest
income, made a significant contribution to this. Special expenses in
connection with the bank99 core bank migration project had a negative
effect running into the upper single digits.
EBIT in the Corporate Division (incl. consolidation and the intra-Group
apportionment procedure) changed from minus EUR 31.3m to minus EUR 37.9m,
mainly due to higher energy costs and expenses associated with IT
services. The Corporate Division provides non-operating services which are
essential for the purpose of the administration and financial control of a
corporate group. In addition to conventional governance tasks, these
activities include the management and development of properties not
required for operations, the management of significant financial
investments, the provision of IT services, the development of new business
models and the administration of the Internal Labour Market of Austrian
Post.
CASHFLOW and BALANCE SHEET
Gross cash flow from earnings amounted to EUR 320.6m in the 2023 financial
year, compared with EUR 330.6m in 2022 (–3.0 %). At EUR 254.5m, cash flow
from operating activities outstripped the previous year’s figure of minus
EUR 80.0m. The most significant effects here are the changes in bank99’s
core banking assets in the amount of minus EUR 44.2m (2022: EUR –334.3m),
which resulted primarily from a less pronounced increase in receivables
from customers (lending) and lower investments in government bonds
compared to the previous year. Core banking assets include the change in
the balance sheet items financial assets from financial services and
financial liabilities from financial services, excluding cash, cash
equivalents and central bank balances, meaning that they encompass the
deposit and investment business of bank99. Cash flow from operating
activities excluding core banking assets amounted to EUR 298.6m in the
2023 financial year as against EUR 254.3m a year earlier (+17.4 %).
Cash flow from investing activities amounted to minus EUR 95.7m in 2023
after minus EUR 190.4m in the previous year (–49.7 %). Expenses for the
acquisition of property, plant and equipment and investment property
(CAPEX) amounted to EUR 155.3m in the reporting period as against
EUR 151.8 in the previous year (+2.3 %).
Austrian Post relies on operating free cash flow as an indicator in order
to assess the financial strength of its operating business and to cover
the dividend for the financial year. Operating free cash flow, excluding
the change in core banking assets, amounted to EUR 221.6m in the current
reporting period, compared to EUR 183.1m in the previous year (+21.0 %).
The increase also includes the proceeds from the sale of a property.
Cash flow from financing activities totalled minus EUR 149.8m in 2023 as
against minus EUR 90.3m in the previous year and mainly included
distributions of minus EUR 121.0m in the current financial year, as well
as a loan taken out in 2023 with a three-year term in the amount of
EUR 75m.
Austrian Post relies on a solid balance sheet and financing structure.
Total assets amounted to EUR 5.7bn as at 31 December 2023. On the asset
side, property, plant and equipment at EUR 1,356.3m is one of the largest
balance sheet items and includes right-of-use assets under leases of
EUR 372.2m. In addition, there are intangible assets and goodwill from
business combinations, which are reported at the amount of EUR 145.9m as
at 31 December 2023. The balance sheet shows receivables of EUR 436.7m,
other financial assets amounted to EUR 27.4m as at 31 December 2023.
Financial assets from financial services amounted to EUR 3,345.6m at the
end of 2023 and result mainly from the business activities of bank99.
On the equity and liabilities side of the balance sheet, the equity of the
Austrian Post Group amounted to EUR 716.7m as at 31 December 2023 (equity
ratio of 12.6 %). The pro forma equity ratio, taking into account bank99
using the equity method, came to 29 % at the end of December 2023. At the
end of the reporting period, provisions totalled EUR 592.8m, other
financial liabilities amounted to EUR 619.3m and trade and other payables
totalled EUR 567.2m. Financial liabilities from financial services
amounting to EUR 3,181.1m result mainly from the business activities of
bank99 (deposit and investment business of bank99’s customers).
OUTLOOK FOR 2024
The macroeconomic environment in Austrian Post’s markets remains dominated
by high inflation and weak economic momentum. This is having a knock-on
effect on the willingness of companies to invest, but also on consumer
purchasing behaviour. Changes are evident in the retail sector in
particular. There are signs of a further decline in bricks-and-mortar
retail alongside growth in national and international e-commerce.
Revenue Growth in 2024
In order to meet the market challenges, it is important for Austrian Post
to achieve positive revenue development through innovative solutions, new
products and services, as well as price adjustments. Based on current
forecasts, growth in the low to mid-single-digit range is expected for the
2024 financial year.
In the Mail Division, a slight dip in revenue is forecast. The fundamental
trend towards declining volumes in the traditional mail segment will
continue. In addition, the weak economy is expected to result in difficult
conditions for the retail sector and, as a result, in a reduced volume of
direct mail and media post. Various elections in Austria at local and
national level, as well as price adjustments for various products, should
have a positive effect in 2024.
In the Parcel & Logistics Division, growth is expected to be in the
mid-single-digit range. Further trends will be heavily reliant on economic
developments in our markets and, as a result, on consumer purchasing
power. In the Turkish market in particular, the economic environment and
inflation, as well as the exchange rate of the Turkish lira, make
forecasting more difficult.
The Retail & Bank Division is likely to achieve stable to single-digit
growth in revenue depending on the interest rate environment. The most
important goal here for 2024 will be finalising the transformation
programme for core bank migration.
Group Earnings in 2024
Revenue growth on the one hand, but also cost discipline and efficiency on
the other, are necessary in order to ensure the stability that Austrian
Post is aiming to achieve. In both mail and parcel logistics, Austrian
Post is forging ahead with solutions that offer a high level of customer
benefit, but also enable efficient processes that are easy to plan. Having
achieved stable earnings in 2023, Austrian Post is therefore also aiming
to achieve earnings (EBIT) that are on a par with the previous year in the
2024 financial year.
Investment Programme in 2024
The large-scale investment programme implemented in recent years – which
has almost tripled sorting capacity in Austria – has now been completed.
Investments in the coming years will focus on expanding international
logistics and on e-mobility. For example, the company is aiming for
last-mile delivery to be completely CO₂-free by 2030. This means that
overall investment requirements should decline slightly in 2024. All in
all, the plan for 2024 is to invest around EUR 70–80m in maintenance CAPEX
(automation, digitalisation, maintenance) and around EUR 40m in green
transformation (electric vehicles, photovoltaic systems), as well as
EUR 30m in growth CAPEX, primarily now in Türkiye and Southeast and
Eastern Europe.
Austrian Post’s aim remains to offer a combination of growth and strong
dividends. The growth opportunities that are emerging are being secured by
making appropriate structural investments. In addition, the cash flow
generated from operations should continue to ensure the necessary basic
investments, as well as an attractive dividend policy.
CONTACTS
Austrian Post Austrian Post
Ingeborg Gratzer Harald Hagenauer
Head of Media Relations & Internal Head of Investor Relations, Group
Communications Auditing & Compliance
Tel.: +43 (0) 57767-32010 Tel.: +43 (0) 57767-30400
presse@post.at investor@post.at
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13.03.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
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Language: English
Company: Österreichische Post AG
Rochusplatz 1
1030 Vienna
Austria
Phone: +43 577 67 – 30400
E-mail: investor@post.at
Internet: www.post.at
ISIN: AT0000APOST4
WKN: A0JML5
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1856023
End of News EQS News Service
1856023 13.03.2024 CET/CEST
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