Group revenue increased 13.6% in 2023, to reach €2,377mn. After several years of lower revenue levels, this marks a near-recovery to 2019’s group revenue of €2,397m.

While Correos has posted negative EBIT each year in the period 2018-2023, EBIT for 2023 improved from €-287m to €-174m, boosted by strong revenues.

Under its new strategic plan for 2024-2028, Correos aims to return to profitability through a heavier emphasis on e-commerce.

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