First half 2001: Straight on course.
Pressemeldung from 06.01.1900
Increased sales revenues and a clearly positive performance
As compared with the same period of the previous year, Österreichische Post AG was able to increase sales revenues and to significantly improve performance during the first half of 2001. During the first half of 2001, sales revenues amounted to ATS 10.4 billion (EUR 757 million) as compared to ATS 10.2 billion (EUR 42 million) in the first half of 2000.
Profit on ordinary activities during the first half of 2001 amounted to ATS 356 million (EUR 25.9 million). During the same period in 2000, a loss on ordinary activities of minus ATS 14.3 million (minus EUR 1.04 million) was registered. Earnings before interest and taxes (EBIT) improved from minus ATS 138 million (minus EUR 10.03 million) in the first half of 2000 to a plus of approximately ATS 204 million (EUR 14.8 million). The development of operating results goes to show that the strategic measures as well as the measures taken to increase productivity have had a clearly positive effect.
This result enabled Österreichische Post AG to compensate as far as possible for the further reduction suffered in payments for services in the public economic interest for newspaper distribution from ATS 300 million (EUR 21.8 million) in the previous year to ATS 200 million (EUR 14.5 million) in the financial year 2001, ATS 100 million (EUR 7.3 million) of which have been taken account of in the first-half report.
"These figures show that, in spite of the currently difficult business situation, Österreichische Post AG is still straight on course", emphasised Anton Wais, Österreichische Post AG's CEO. "However, this good result must not make us blind to the fact that in some fields we are faced with increasing competition. For this reason, we have to continue and intensify our modernisation efforts."
All the ongoing modernisation activities throughout the company have been continued during the first half of 2001. All in all, Österreichische Post AG invested more than ATS 600 million (EUR 43.6 million) in tangible assets and participating interests. "We will keep up our investment policy in the current financial year," said Rudolf Jettmar, member of the board in charge of finances. "So far, we have achieved our goals in respect of quality improvements and increased productivity while at the same time ensuring continued growth and a positive development of operating results. We will have to reinforce our efforts in the future to keep up this trend and ensure our company's competitiveness in the long term."
For further information, please contact
Österreichische Post AG
Press / PR
Mr. Michael Homola
Tel.: +43 (1) 515 51 - 32010