Partnerships, acquisitions and domestic volume growth all drove a 43% increase in Österreichische Post’s parcels revenue in 2020.
Österreichische Post’s total net sales increased 8%, driven by higher parcel volumes and the inclusion of results from Aras Kargo from Q3 onwards. Excluding results from the new subsidiary, the post’s net sales grew 3%. Lower retail and mail revenue weighed on group performance, with total mail volumes falling almost 10%. In Q2 2020, the post launched its own banking operations, under the brand bank99, which had attracted 60,000 customers by the year end. For more details download the latest IPC Carrier Intelligence Report for Österreichische Post.
If your company has not yet subscribed to IPC’s Carrier Intelligence Reports, please visit this page or email us at market.intelligence@ipc.be.
