Driven by a 20% increase in parcels volumes delivered in Belgium and the Netherlands, bpost’s Parcels & Logistics Europe & Asia division recorded 5% revenue growth in 2019.

However, this was offset by lower revenue for mail, retail and US e-commerce logistics services, as well as a drop in income for real estate sales. As a result, total revenue fell 0.3% year on year.

The post’s profitability continued to fall in line with mail volumes, as well as increased investment in the lower-margin parcel and logistics sectors. It aims to increase efficiency in mail delivery and improve the price mix for parcels to drive improved profitability in the coming years. For more details download the latest IPC Carrier Intelligence Report for bpost.

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