bpost NV/SA

H1 results. assuming no second NAT ional or important local lockdown in 2020, nor any event deriving from covid 19 uncertainties, the adjusted group ebit between eur 240 270 m can be reconfirmed. q2 group operating income at eur 1,052.7 m, 12.5% compared with the same period last year. q2 group reported ebit at eur 71.0 m. adjusted ebit at eur 75.6 m ( margin of 8.1%).. outlook contribution per business unit will differ from the initial outlook issued on march 17, 2020. q2 mail & retail reported ebit at eur 35.4 m. adjusted ebit at eur 36.0 m (7.7% margin),. outlook gross capex will amount to eur 150 m maximum, compared to up to eur 200 m pre covid 19. q2 parcels bene volume growth of 78.4%. board will recommend to the annual shareholders’ meeting not to grant a dividend on the results of fy20 to shareholders. palo n. america covid 19 impact estimated at eur 16.5 m accelerating its performance during the crisis. total covid 19 impact on group ebit estimated at eur 9.5 m for the second quarter 2020.. new dividend policy going forward will be DEC ID ed when the longer term impact of the covid 19 crisis becomes more clear. group’ s priority is in the current CIR cumstances the strength of bpost’ s balance sheet, cash reserves and capacity to invest on the long term. q2 group net profit stood at eur 43.6 m.. e commerce logistics operating income in q2 amounted to eur 46.3 m. bpost sa q2 provided poll operating income eur 910.3 million; adjusted ebit eur 37.4 million.

First quarter 2020 impacted by covid 19. q1 group reported ebit at eur 71.0 m. adjusted ebit at eur 75.6 m ( margin of 8.1%).. q1 group operating income at eur 934.6 m, 3.1% compared with the same period last year. the current dividend policy of minimum 85% of bgaap net result is suspended. outlook for 2020 is overruled by covid 19. total covid 19 impact on group ebit estimated at eur 16.7 m for the first quarter 2020.. new dividend policy will be DEC ID ed by the board of directors when the longer term impact of the covid 19 crisis becomes clear. capital expenditures will be limited to urgent and strategic needs only ceo. q1 net adjusted profit eur 52.2 million versus eur 55.1 million year ago.

Bpost sa bpost board of directors proposes to cancel may 2020 final dividend payment due to covid 19. bpost sa board of directors will propose to shareholders on may 13 to distribute a gross dividend per share on the results of full year 2019 of eur 0.62 instead of eur 0.73. bpost sa since interim dividend of eur 0.62 gross per share was already paid, no further dividend on the results of fy 2019 will be paid. bpost sa on covid 19 is not in a position to date to accurately and reliably estimate the quantitative impact and will communicate as soon as this assessment can be made.

Bpost is temporarily suspending sending of letters and parcels outside europe due to mass cancellation of flights. on coronavirus bpost is forced to suspend, from this thursday, march 19, sending of letters and parcels to DES tinations outside europe. bpost is closely monitoring developing situation in quest for alternatives. on coronavirus intra european flows may also be impacted and be affected by delays. citizens and our belgium business CLI ents are meanwhile invited not to post letters and parcels for DES tinations outside europe. on coronavirus encourages everyone to limit their visit to post offices for only urgents reasons.

2019 results are fully in line with expectations ceo. doesn' t yet expect effects of structural mail volume DEC line to be fully compensated by parcels & logistics growth activities at adjusted ebit level in 2020. q4 group operating income at eur 1,113.8 m, 1.6% compared with same period last year and driven by mail volume DEC line and lower building sales. group total operating income for 2020 is expected to increase by a low single digit percentage. group adjusted ebit for 2020 is expected to range between eur 240 and 270 m . q4 group reported ebit at eur 63.4 m. adjusted ebit at eur 69.2 m ( margin of 6.2%). we will continue to transform company by investing in a culture of customer care and innovation while playing our important societal role close to our stakeholders ceo. dividend relative to results of financial year 2020 will depend on long term capital allocation policy. on coronavirus cannot be excluded that there could be negative impacts on 2020 group results. q4 net profit eur 27.8 million versus eur 104.6 million year ago.

Q3 group operating income 0.9% compared with the same period last year and at eur 881.5 m ( not eur 486.0 m ( 1.6%) as mail volume DEC line was partly compensated by pricing). bpost closes q3 with results on track with 2019 outlook ( removes extraneous character).3 q19 in line with our expectations, on track for 2019 outlook. q3 group reported ebit at eur 34.3 m. normalized ebit at eur 38.3 m ( margin of 4.3%). q3 normalized net profit eur 17.0 million versus eur 32.6 million year ago. q3 company compiled consensus total operating income eur 868.3 million; normalized ebitda eur 88.7 million. for q3 mail & retail total operating income at eur 486.0 m ( 1.6%). q3 parcels & logistics europe & asia total operating income 6.1% in comparison with same period last year at eur 198.3 m. q3 parcels & logistics north america as anticipated, total operating income at eur 241.4 m ( 0.1%). jean paul van avermaet was appointed bpost group ceo to succeed koen van gerven whose mandate ends on february 26, 2020. ceo says " these q3 results demonstrate that we are on track, they are in line with our expectations and provide us comfort towards achieving our full year guidance".