Bpost NV/SA Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 03:11 pm EST
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bpost NV/SA reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was EUR 975.1 million compared to EUR 1,016.6 million a year ago. Revenue was EUR 978.5 million compared to EUR 1,021.9 million a year ago. Net loss was EUR 56.6 million compared to net income of EUR 24.9 million a year ago. Basic loss per share from continuing operations was EUR 0.28 compared to basic earnings per share from continuing operations of EUR 0.12 a year ago. Diluted loss per share from continuing operations was EUR 0.28 compared to diluted earnings per share from continuing operations of EUR 0.12 a year ago.
For the nine months, sales was EUR 3,044.1 million compared to EUR 3,080.3 million a year ago. Revenue was EUR 3,055 million compared to EUR 3,095.9 million a year ago. Net income was EUR 33.5 million compared to EUR 154.7 million a year ago. Basic earnings per share from continuing operations was EUR 0.17 compared to EUR 0.77 a year ago. Diluted earnings per share from continuing operations was EUR 0.17 compared to EUR 0.77 a year ago.
bpost SA/NV is the leading Belgian provider of postal services. The group offers collection, sorting, routing, and delivery services for letters and packages. The activity is organized around 3 sectors:
- package distribution. The group also offers logistic and express transport services;
- mail collection and delivery: letters, postcards, advertising flyers and documents, newspapers, etc.;
- other: sales of postal products (primarily postage stamps), supply of document management services, etc.