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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
bpost
bpost (BPOST) investor relations material
bpost Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary6 Nov, 2026
Executive summary
Q3 operating income was €1,005.4m, down 2.3% YoY; adjusted EBIT was -€21.2m versus -€3.0m, reflecting mail declines, soft parcel momentum and regulatory pressure.
FY26 adjusted EBIT guidance was cut to €95m–€105m from ~€140m previously and €165m–€195m initially, amid softer demand, delayed commercial growth and stronger regulatory pressures.
Efficiency gains and lower staffing costs partly offset revenue pressure; average FTEs and interims fell 6.5% YoY.
September operating-model changes advanced, and Paxon launched as a unified global 3PL brand.
Financial highlights
Q3 operating expenses were €937.2m, down 0.3% YoY; EBITDA was €68.2m, down 23.8%, while adjusted net loss was €42.3m versus €27.6m.
Q3 reported net loss was €49.2m versus €34.6m; reported EBIT was -€30.4m versus -€12.3m.
9M operating income was €3,115.3m, down 3.9%; adjusted EBIT was €41.4m versus €96.9m, and net loss was €50.6m versus €39.2m.
Q3 adjusted FCF was €63.3m versus €59.5m; 9M FCF was €208.2m reported and €212.6m adjusted.
Net debt was €1,704.4m at September 30, down 5.3% YoY; Q3 average FTEs and interims were 34,153, down 6.5%.
Outlook and guidance
Q4 adjusted EBIT is expected at €55m–€65m; FY26 adjusted EBIT guidance is €95m–€105m, with total operating income expected to decline mid-single digits in Q4.
FY26 gross CapEx guidance was lowered from €150m to ~€135m; Corporate adjusted EBIT is expected near -€30m, including €5m of savings versus the initial outlook.
FY26 mail volumes are expected to decline mid-teens, partly offset by 5–6% price/mix; parcel volumes are forecast to grow low-single digits.
Q4 adjusted EBIT margin outlook: 2–3% for domestic mail and parcels, 7–8% for Paxon and 10–11% for Landmark Global.
IT efficiencies are planned over 2027–2031, with ~€30m annual savings potential; more than €10m of expected 2026 savings will not be delivered.
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Latest events from bpost
- Strike-driven EBIT drop and revised guidance highlight operational and market headwinds.BPOST
Q2 2026 - Q1 2026 income and EBIT fell as strikes hit mail, but parcel growth and liquidity stayed strong.BPOSTQ1 2026
- Adjusted EBIT hit EUR 179.7 million, with mixed segment results and no 2025 dividend.BPOSTQ4 2025
- Q3 2025 delivered stable revenue, negative EBIT, and reaffirmed full-year EBIT guidance.BPOSTQ3 2025
- Q2 2025 saw 10.5% income growth, margin gains, and high-end EBIT guidance reaffirmed.BPOSTQ2 2025
- Q3 2024: Income up 4.7%, EBIT pressured by Press and North America, outlook reaffirmed.BPOSTQ3 2024
- Q2 2024: Belgium and Eurasia growth offset North America decline; Staci to boost EBIT from August.BPOSTQ2 2024
- Targets €5bn+ revenue and >€275m EBIT by 2027 through logistics growth and ESG focus.BPOSTCMD 2025
- Staci's growth offset headwinds, but Radial US impairment drove a €209.2m net loss in 2024.BPOSTQ4 2024
Next bpost earnings date
Q4 202617 Mar, 2027
bpost
Next bpost earnings date
Q4 202617 Mar, 2027
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Frequently asked questions
bpost NV/SA, commonly known as bpost, is a provider of postal and parcel services based in Belgium. The company operates through three primary segments: Mail & Retail, PaLo North America, and PaLo Eurasia. It offers a range of services including the collection, transport, sorting, and distribution of addressed and non-addressed mail, printed documents, newspapers, and parcels. Additionally, bpost provides e-commerce logistics, express delivery, document management, and related services. The company serves consumers, businesses, and government entities across Belgium, Europe, the United States, and other international markets. Established in 1830, bpost has a long-standing history in the postal and logistics industry. The company is headquartered in Brussels, Belgium, and its shares are listed on the Euronext Brussels.