Oesterreichische Post (POST) investor relations material

Executive summary

• Revenue rose 3.8% year-over-year to EUR 1,544 million in H1 2026, driven by strong e-commerce and logistics growth, offsetting declines in mail and branch services.

• E-commerce & Logistics division was the main growth driver, with revenue up 11.5% and Austrian parcel volumes rising 9%.

• EBIT fell 22% to EUR 73.3 million, and profit for the period dropped 66.7% to EUR 22.8 million, mainly due to accelerated mail volume decline, telecom transformation, and international competition.

• Strategic milestones included the launch of the YELLLOW mobile brand, ongoing growth of bank99, and the acquisition of euShipments.com and D Express.

Financial highlights

• EBITDA declined by 5.9% to EUR 187.7 million; EBITDA margin was 12.2%.

• EBIT margin declined to 4.7% from 6.3% year-over-year.

• Operating free cash flow was EUR 116.6 million.

• Earnings per share dropped to EUR 0.32 from EUR 0.99 (-67.4%), impacted by put option valuation.

• Net debt/EBITDA ratio at 0.6x; equity ratio at 24%.

Outlook and guidance

• Slight group revenue increase expected for 2026; mail revenue to decline mid-single digits, e-commerce & logistics to grow upper single digits.

• EBIT guidance for the year is EUR 180–190 million, with improvements anticipated in H2 from product/price adjustments and new business.

• Investments in 2026 planned at EUR 140–160 million, focusing on logistics centers, automation, parcel lockers, and fleet electrification.

• Continued positive development expected for bank segment; CapEx guidance of EUR 140–160 million for the year.

• Risks include further mail volume decline, regulatory changes, and currency volatility, especially in Turkey.