bpost NV/SA (0QF5.IL)
- Reuters
UPDATE 2-Bpost lags Q1 profit forecast, to update outlook after May talks
Belgian postal operator Bpost missed first-quarter profit expectations on Friday and said its full-year outlook was "pending", as it hopes to conclude talks over the delivery of French-language newspapers by the end of May. Bpost's shares were down 2.3% at 1137 GMT. Last week, Bpost signed a delivery agreement with Flemish newspaper publishers, covering around 75% of the volumes it currently delivers.
- Reuters
Bpost posts lower 2023 operating profit, does not provide 2024 profit outlook
Belgian postal operator Bpost, which also distributes newspapers, reported a decline in full-year operating profit on Friday, and did not provide an outlook for 2024, citing "discussions with press stakeholders". The group's shares fell as much as 5.2% and then reversed course, rising around 1.3% in early trading. Bpost has been under pressure due to speculation that the Belgian government could choose other companies for the distribution of newspapers and periodicals in the country.
- Reuters
Belgium's Bpost reinstates core profit guidance, sees lingering U.S. difficulties
(Reuters) -Belgium's Bpost reported EBIT above consensus and reinstated its previously withdrawn 2023 core profit forecast on Thursday, taking into account recent updates on compliance reviews for its services to the Belgian state. The group, which delivers mail and parcels and provides e-commerce logistics, now expects adjusted earnings before interest and taxes (EBIT) of more than 240 million euros ($257 million) for 2023, and an operating income to decrease by a low-single-digit percentage. Bpost previously guided for EBIT to be 240 million to 260 million euros, following the preliminary results of the compliance review.
