BRUSSELS (dpa-AFX) - Oesterreichische Post AG (O3P.BE) reported a profit for first quarter that Dropped, from the same period last year
The company's earnings came in at EUR15.3 million, or EUR0.22 per share. This compares with EUR39.6 million, or EUR0.56 per share, last year.
The company's revenue for the period rose 0.9% to EUR770.7 million from EUR763.6 million last year.
Oesterreichische Post AG earnings at a glance (GAAP) :
-Earnings: EUR15.3 Mln. vs. EUR39.6 Mln. last year. -EPS: EUR0.22 vs. EUR0.56 last year. -Revenue: EUR770.7 Mln vs. EUR763.6 Mln last year.
This decline in the first-quarter net income reflects negative valuation effect of the company's remaining 20% stake in Aras Kargo (based on inflation and the exchange rate).
Looking ahead, despite existing geopolitical uncertainties, Austrian Post expects a slight revenue increase in 2026.
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