Austrian Post Shows Strong Financial Growth in 2024

In 2024, Austrian Post experienced a strong financial performance with revenue increasing by 13.9% to EUR 3,123.1 million. This was driven by growth in all divisions despite challenges like declining mail volumes. Mail division revenue rose 4.1% despite electronic substitution impacting letter volumes. Parcel & Logistics saw a 20.9% increase, significantly aided by Turkey's economic conditions. Retail & Bank also flourished with a 19.5% growth.

EBITDA climbed 8.0% to EUR 422.7 million as EBIT improved 9.0% to EUR 207.3 million. Earnings per share increased from EUR 1.96 to EUR 2.04. Austrian Post plans to propose a dividend of EUR 1.83 per share, sustaining an 85% payout ratio.

Looking ahead, a modest revenue growth is anticipated for 2025, focusing on cost discipline and efficiency to stabilize earnings. Investments will pivot towards growth in CEE, SEE, and Türkiye, with a CAPEX plan between EUR 150m and EUR 160m.