Edition:
United Kingdom

Bpost Confirms 2018 Outlook


Monday, 3 Dec 2018 

Dec 3 (Reuters) - BPOST SA ::CONFIRMS THAT IT EXPECTS TO ACHIEVE PROJECTED FINANCIAL RESULTS FOR 2018.PAYMENT OF AN INTERIM DIVIDEND OF EUR 1.06 PER SHARE.NET RESULT AFTER TAX AT END-OCT WAS EUR 229.6 MILLION (BGAAP).SEES SIGNIFICANT NEGATIVE IMPACT ON EARNINGS OF SEVERAL ELEMENTS AND WILL ASSES THEIR 2019-20 IMPLICATIONS.SEES IN 2019 ACCELERATION OF LABOUR COST INDEXATION TO ADDITIONAL ABOUT 1 PERCENT COST INCREASE COMPARED TO PLAN.SEES IN 2019-20 POSSIBLE LABOUR AGREEMENT WHEN IT COMES TO CONCLUSION.SEES IN 2019 IMPACT FROM STAFF PRODUCTIVITY INITIATIVES ON MAIL OPERATIONS WHICH CANNOT BE IMPLEMENTED IN 2019.SAYS ACCELERATION OF STRUCTURAL MEASURES FOR ADAPTED DISTRIBUTION MODEL IS NECESSARY, NEGATIVELY IMPACTING COST BASE 2019 BY EST. EUR 10-15 MILLION.SAYS AVERAGE PRICE INCREASE FOR DOMESTIC MAIL ESTIMATED AT +4.6 PERCENT FOR 2019. 

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0.358 +4.03%
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