bpost’s share is trading more than 9 percent on the Brussels Stock Exchange around 11am on Friday. Investors are disappointed with the quarterly report that the Postal and Parcel Corporation delivered after the closing bell the day before. Bpost, among other things, has warned of a “potential downside risk” of 40 million euros this year and has seen a significant drop in parcel volumes in its country.
Although Bpost kept its annual adjusted operating profit (EBIT) forecast of €280-310 million for the whole of 2022, that has now followed a “but”. The company spoke of a “potential downside risk” of up to 40 million euros this year due to high inflation and unstable consumer behaviour.
This uncertain consumer behavior is related to the normalization of volumes after the Corona pandemic and the effect of inflation on demand. The company also indicated a decline in consumer confidence.
Bpost also talked about the “element of uncertainty” that still exists, especially regarding peak volumes in the fourth quarter.
The volume of parcels in Belgium decreased by 14.8 percent compared to the first quarter of 2021. This decrease is due, on the one hand, to the fact that the giant of online stores Amazon is taking parcel delivery into its own hands in our country and is therefore less and less dependent on bpost. On the other hand, consumer spending is declining after the parcel boom in times of Corona.
Unlimited free access to Showbytes? And that can!
Sign in or create an account and never miss a thing from the stars.
“Total coffee specialist. Hardcore reader. Incurable music scholar. Web guru. Freelance troublemaker. Problem solver. Travel trailblazer.”
More Stories
Now beware of these scams: “They also contact you via WhatsApp and Telegram”
Beerlab: The anti-advertisement to our national art of brewing
Broken smartphone, washing machine or other device? As a consumer you are now entitled to this