bpost: second-quarter 2017 earnings on track.
(CercleFinance.com) - bpost maintains its full-year financial targets on Tuesday, after posting second-quarter results that are on track for 2017, although this has failed to prevent the stock from falling 5% at 22.
3 euros this morning on Euronext Brussels.
The Belgian postal group said operating revenues grew by over 18% to 699.6 million euros in the past quarter, driven by a solid performance in parcel deliveries and recent acquisitions.
Overall, core profit (EBITDA) was stable at 159.3 million euros, bang in line with the group's guidance.
In its statement, bpost confirmed its aim to report recurrent 2017 EBITDA and dividends that are in line with those of 2016.
The Belgian postal operator explained that the new postal law announced by the Belgian government should ensure a stable and predictable regulatory framework for the Belgian postal market.
bpost also said that it has entered into an agreement for the acquisition of Bubble Post, a specialist of smart and sustainable urban delivery solutions that uses bikes and natural gas trucks.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
3 euros this morning on Euronext Brussels.
The Belgian postal group said operating revenues grew by over 18% to 699.6 million euros in the past quarter, driven by a solid performance in parcel deliveries and recent acquisitions.
Overall, core profit (EBITDA) was stable at 159.3 million euros, bang in line with the group's guidance.
In its statement, bpost confirmed its aim to report recurrent 2017 EBITDA and dividends that are in line with those of 2016.
The Belgian postal operator explained that the new postal law announced by the Belgian government should ensure a stable and predictable regulatory framework for the Belgian postal market.
bpost also said that it has entered into an agreement for the acquisition of Bubble Post, a specialist of smart and sustainable urban delivery solutions that uses bikes and natural gas trucks.
Copyright (c) 2017 CercleFinance.com. All rights reserved.