Net sales increased 4.3% to €535m, while total revenue rose 4.5% to €547m. Growth was recorded across all disclosed activities and in both domestic and international markets. Parcels & Express delivered the strongest increase, rising 10.9% to €85m.

However, operating costs grew faster than revenue, weakening profitability. The staff-cost ratio increased to 48.4%, while the EBITDA margin fell to 6.5% and the EBIT margin to 1.0%. Profit for the period declined to €1m, and higher capital expenditure contributed to substantially lower free cash flow. The balance sheet remained broadly stable, with equity unchanged at €352m and liabilities decreasing to €172m.

 

 

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