SEVA_ schreef op 24 februari 2022 17:52:
Outlook for 2022
Fourth quarter 2021 Press release Brussels, 24/02/2022 – 17:45pm (CET) Regulated information corporate.bpost.be/investors
bpost expects the group adjusted EBIT to range between 280-310 mEUR. bpost will continuously invest in the group transformation while mitigating headwinds from wage pressure and inflation by cost reduction initiatives, productivity gains and further growth in omni-commerce activities. This outlook is bpost’s best estimate as of now which could be impacted by macro and geopolitical risks materializing.
The group’s total operating income for 2022 is expected to increase by a mid- to high single-digit percentage compared to 2021.
For the business units, bpost group expects: Belgium:
• Stable1 total operating income to result from:
o Mail: an underlying Domestic mail volume decline expected between -8% and -10%, an approved
mail pricing of +4.7%.
o Parcels: stable volumes reflecting Amazon insourcing and post-COVID normalization o Additional revenues at Value added services and Retail
• 8-10% adjusted EBIT margin reflecting higher wage costs and inflationary pressure partially mitigated by cost reduction initiatives and productivity gains.
• The unknowns within our guidance are inflation, especially in Belgium but to some extent in North America, and parcels volume growth. We expect to grow at least in line with the Belgian market but the overall balance is anticipated to lead to a flat volume development in 2022 due to Amazon insourcing. Depending on the consumer sentiment, market normalization and on how quickly Amazon will move forward with their insourcing, parcels volume growth may develop differently this year.
• Low to mid- teens percentage growth in total operating income driven by growth plan of Radial Europe and
Active Ants, and growing Cross-border commercial activities in Europe partially offset by expected limited
recovery in Asian Cross-border volumes versus the volumes noted in the second half of 2021.
• 6-8% adjusted EBIT margin including scale-up costs in Radial Europe and Active Ants.
E-Logistics North America:
• Low to mid- teens percentage growth1 in total operating income driven by Radial’s accelerated growth plan
and contribution from new customers wins.
• 4-6% adjusted EBIT margin including ongoing wage rate increase and higher real estate costs, mitigated by
labor management and productivity initiatives.
Group EBIT will include operating expenses at Corporate level to support our transformation.
Gross capex is expected to be around 250 mEUR. This capex envelope is geared towards the strategy to grow omni- commerce logistics.
The dividend relative to the results of the year 2022 will be in the range of 30-50% of IFRS net profit, and will be payable in May 2023 after the General Shareholders’ Meeting, in accordance with the new dividend policy.