Österreichische Post AG Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 08:48 am EDT
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Österreichische Post AG reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was EUR 581.1 million compared to EUR 582.7 million a year ago. Net income was EUR 46.6 million compared to EUR 24.3 million a year ago. Basic earnings per share from continuing operations was EUR 0.67 compared to EUR 0.38 a year ago.
For the six months, sales was EUR 1,208.3 million compared to EUR 1,157.6 million a year ago. Net income was EUR 78.6 million compared to EUR 54.8 million a year ago. Basic earnings per share from continuing operations was EUR 1.13 compared to EUR 0.83 a year ago.
Osterreichische Post AG specializes in mail collection, routing, and delivery services. Net sales (including intragroup) break down by activity as follows:
- mail collection and delivery (44.4%; No. 1 in Austria): letters, postcards, ads and publicity materials, newspapers, etc. The group also offers stamps telecommunication and financial products and services (savings accounts, insurance, loans, etc.);
- parcel delivery (44.1%): operating in Austria, Germany, Slovakia and Croatia. Osterreichische Post AG also offers logistical services and express shipping;
- other (0.1%).
The remaining sales (11.4%) are from the retail banking activity.
Net sales are distributed geographically as follows: Austria (81.2%), Turkey (10%), Germany (2.1%) and other (6.7%).
OSTERREICHISCHE POST AG 
