Bpost reported a 5.3 percent decrease in operating revenues during the first quarter, totaling 993 million euros compared to the same period last year. The adjusted operating profit also fell to 62.1 million euros, a decrease of 15.5 million euros. In Belgium, total operating income was 565.8 million euros, with a 6.7 percent decline in mail volume and a 2.9 percent increase in parcel volumes.
CEO Chris Peeters highlighted the company’s resilience in Belgium, noting recent agreements with publishers for newspaper distribution. However, he also mentioned challenges in North America, where revenues are under pressure due to market conditions. Bpost is focusing on productivity gains to address these challenges.
After the announcement, Bpost’s shares dropped by 8 percent on the Brussels stock exchange as sales remained below analyst expectations. Analysts had anticipated a turnover above 1.03 billion euros.
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