Investor Presentaiton
Q1 2022 EARNINGS STRONGLY IMPACTED BY THE PARCEL BUSINESS
EBIT development
EUR m
59.8
-33.7%
-4.4
FX
effect
39.6
-5.1
-18.4
+7.7
Q1
Mail
Parcel &
Logistics
Retail &
Bank
Corporate/
Consol.
Q1
2021
2022
INVESTOR PRESENTATION Investor Relations Vienna, 13 May 2022
Group: -33.7% to EUR 39.6m
Decline in parcel business heavily affected by Turkish lira FX rate,
positive development in the Retail & Bank Division
Mail: -9.7% to EUR 41.1m
-
Volume drop in letter mail and discontinuation of special
mailings; high level of fixed costs
-
Recovery of Direct Mail after a weak Q1 2021
Parcel & Logistics: -51.3% to EUR 17.4m
Reduced earnings contribution of the Turkish business
(FX rate lira/euro in Q1 2022 of 15.7 vs. 8.9 in Q1 2021))
as well as the decrease in positive COVID-19 special
effects
Mid single-digit EBIT margin in Turkey
Retail & Bank: +41.8% to minus EUR 10.7m
Acquisition of ING Austria's retail business
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