Edition:
United Kingdom

Bpost Targets 2019 Normalized EBIT At Low End Of EUR 390-440 Mln Range


Thursday, 21 Jun 2018 

June 21 (Reuters) - BPOST SA ::AT ITS CAPITAL MARKETS DAY, BPOST WILL OUTLINE A REDEFINED VISION FOR 2022, THREE STRATEGIC PRIORITIES, AND MID-TERM OBJECTIVES FOR THE PERIOD 2018-2022.VISION WILL ENABLE BPOST TO FACE THE RAPID AND COMPLETE TRANSFORMATION OF THE POSTAL SECTOR BOTH ABROAD AND IN BELGIUM.BY 2022 TARGETS 45% OF REVENUES GENERATED BY ACTIVITIES OUTSIDE BELGIUM AND 60% OF REVENUES GENERATED BY PARCELS AND LOGISTICS ACTIVITIES.NORMALIZED EBIT 2019-2022: AMBITION TO ACHIEVE ORGANIC NORMALIZED EBIT IN THE RANGE OF €390M TO €440M, WITH 2019 EXPECTED TO BE THE LOW END OF THE RANGE.NORMALIZED EBIT 2018: GUIDANCE OF LOW END OF EUR 560-600 MILLION NORMALIZED EBITDA EQUIVALENT TO NORMALIZED EBIT OF EUR 400-440 MILLION.BPOST HAS DEFINED ITS ROADMAP TO TURN RADIAL INTO A LEADING PLAYER IN PROMISING US E-COMMERCE LOGISTICS SEGMENT IN ORDER TO REACH AN EBITDA CONTRIBUTION OF $100M-120M BY 2022.MANAGEMENT IS COMMITTED TO DELIVERING EARNINGS TO BE IN A POSITION TO SUSTAIN THE DIVIDEND. THE PAYOUT POLICY IS UNCHANGED WITH AT LEAST 85% PAY-OUT OF BGAAP NET PROFIT.RADIAL ANNUAL REVENUE GROWTH OF +7-9% BETWEEN 2019 AND 2022, AND AN EBITDA CONTRIBUTION IN RANGE OF $ 100 MILLION-120 MILLION BY 2022.ON JUNE 20, STANDARD & POOR'S HAS ASSIGNED TO BPOST LONG TERM AND SHORT-TERM ISSUER CREDIT RATING AT A AND A-1 RESPECTIVELY. 

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