Österreichische Post AG Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022 at 01:15 pm EDT
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Österreichische Post AG reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was EUR 592.5 million compared to EUR 608 million a year ago. Revenue was EUR 641.2 million compared to EUR 636.5 million a year ago. Net income was EUR 25.4 million compared to EUR 31.6 million a year ago. Basic earnings per share from continuing operations was EUR 0.38 compared to EUR 0.47 a year ago. Diluted earnings per share from continuing operations was EUR 0.38 compared to EUR 0.47 a year ago.
For the six months, sales was EUR 1,176.6 million compared to EUR 1,248 million a year ago. Revenue was EUR 1,271 million compared to EUR 1,305.7 million a year ago. Net income was EUR 56.3 million compared to EUR 79.7 million a year ago. Basic earnings per share from continuing operations was EUR 0.83 compared to EUR 1.18 a year ago. Diluted earnings per share from continuing operations was EUR 0.83 compared to EUR 1.18 a year ago.
Osterreichische Post AG specializes in mail collection, routing, and delivery services. Net sales (including intragroup) break down by activity as follows:
- mail collection and delivery (44.4%; No. 1 in Austria): letters, postcards, ads and publicity materials, newspapers, etc. The group also offers stamps telecommunication and financial products and services (savings accounts, insurance, loans, etc.);
- parcel delivery (44.1%): operating in Austria, Germany, Slovakia and Croatia. Osterreichische Post AG also offers logistical services and express shipping;
- other (0.1%).
The remaining sales (11.4%) are from the retail banking activity.
Net sales are distributed geographically as follows: Austria (81.2%), Turkey (10%), Germany (2.1%) and other (6.7%).
OSTERREICHISCHE POST AG 
