View ValuationÖsterreichische Post 향후 성장Future 기준 점검 1/6Österreichische Post (는) 각각 연간 8.3% 및 3.4% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 8.3% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 18.3% 로 예상됩니다.핵심 정보8.3%이익 성장률8.35%EPS 성장률Logistics 이익 성장17.0%매출 성장률3.4%향후 자기자본이익률18.25%애널리스트 커버리지Low마지막 업데이트13 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesNew Risk • May 18New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 100% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (100% net debt to equity). Dividend is not well covered by earnings (113% payout ratio).Reported Earnings • May 11First quarter 2026 earnings released: EPS: €0.22 (vs €0.56 in 1Q 2025)First quarter 2026 results: EPS: €0.22 (down from €0.56 in 1Q 2025). Revenue: €802.7m (up 5.1% from 1Q 2025). Net income: €14.9m (down 61% from 1Q 2025). Profit margin: 1.9% (down from 5.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Logistics industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 2% per year.Upcoming Dividend • Apr 17Upcoming dividend of €1.83 per shareEligible shareholders must have bought the stock before 24 April 2026. Payment date: 29 April 2026. Payout ratio is on the higher end at 94%, however this is supported by cash flows. Trailing yield: 5.2%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.4%).Declared Dividend • Mar 15Dividend of €1.83 announcedDividend of €1.83 is the same as last year. Ex-date: 24th April 2026 Payment date: 29th April 2026 Dividend yield will be 5.4%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio). However, it is covered by cash flows (57% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 3.6% to bring the payout ratio under control. EPS is expected to grow by 7.3% over the next 2 years, which is sufficient to bring the dividend into a sustainable range.Reported Earnings • Mar 14Full year 2025 earnings released: EPS: €1.96 (vs €2.04 in FY 2024)Full year 2025 results: EPS: €1.96 (down from €2.04 in FY 2024). Revenue: €3.16b (up 1.0% from FY 2024). Net income: €132.2m (down 4.1% from FY 2024). Profit margin: 4.2% (down from 4.4% in FY 2024). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Logistics industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has remained flat.공시 • Mar 13Österreichische Post AG announces Annual dividend, payable on April 29, 2026Österreichische Post AG announced Annual dividend of EUR 1.8300 per share payable on April 29, 2026, ex-date on April 24, 2026 and record date on April 27, 2026.공시 • Jan 28The Platform Group AG (XTRA:TPG0) signed an agreement to acquire AEP GmbH from Österreichische Post AG (WBAG:POST) and a group of shareholders.The Platform Group AG (XTRA:TPG0) signed an agreement to acquire AEP GmbH from Österreichische Post AG (WBAG:POST) and a group of shareholders on January 26, 2026. The acquisition will be financed based on a clearly defined financing concept, combining internal funds, equity and debt capital. By March 2026, the Management Board intends to implement an adjusted and sustainable financing structure in connection with the acquisition of AEP. In this context, the Platform Group has resolved on two capital increases excluding subscription rights, comprising a total of 2 million new shares to be placed with long-term investors, with gross proceeds of €9.8 million. Registration in the commercial register is expected by February 2026. For the period ending December 31, 2025, AEP GmbH reported total revenue of €1 billion. Following the acquisition, The Platform Group intends to establish the pharmaceutical business as a standalone segment. Going forward, this segment will operate under the name Pharma & Service Goods. In addition, the pharmaceutical activities are to be organized as a fully independent business unit with its own dedicated management team. Following closing, The Platform Group intends to bundle its existing pharmaceutical and pharmacy-related activities under the umbrella brand “Pharma Group.” This will include AEP, ApoNow, apothekia, and the Doc.Green platform. The transaction is subject to regulatory approval, German Federal Cartel Office approval and the fulfillment of customary closing conditions. The transaction is expected to close in the first to second quarter of 2026.공시 • Dec 09Österreichische Post AG, Annual General Meeting, Apr 15, 2026Österreichische Post AG, Annual General Meeting, Apr 15, 2026.Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: €0.42 (vs €0.37 in 3Q 2024)Third quarter 2025 results: EPS: €0.42 (up from €0.37 in 3Q 2024). Revenue: €751.4m (up 2.6% from 3Q 2024). Net income: €28.9m (up 16% from 3Q 2024). Profit margin: 3.8% (up from 3.4% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Logistics industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 3% per year.New Risk • Aug 12New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 96% Paying a dividend despite having no free cash flows. High level of non-cash earnings (34% accrual ratio).Reported Earnings • Aug 11Second quarter 2025 earnings released: EPS: €0.43 (vs €0.53 in 2Q 2024)Second quarter 2025 results: EPS: €0.43 (down from €0.53 in 2Q 2024). Revenue: €752.7m (flat on 2Q 2024). Net income: €28.9m (down 19% from 2Q 2024). Profit margin: 3.8% (down from 4.8% in 2Q 2024). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Logistics industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year.공시 • Aug 09+ 3 more updatesÖsterreichische Post AG to Report First Half, 2026 Results on Aug 07, 2026Österreichische Post AG announced that they will report first half, 2026 results on Aug 07, 2026New Risk • May 16New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Paying a dividend despite having no free cash flows.Upcoming Dividend • Apr 09Upcoming dividend of €1.83 per shareEligible shareholders must have bought the stock before 16 April 2025. Payment date: 23 April 2025. Payout ratio is on the higher end at 90% but the company is not cash flow positive. Trailing yield: 6.0%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.1%).Declared Dividend • Mar 13Dividend increased to €1.83Dividend of €1.83 is 2.8% higher than last year. Ex-date: 16th April 2025 Payment date: 23rd April 2025 Dividend yield will be 5.8%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (89.6% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share is expected to remain steady over the next 2 years. This means the payout ratio will remain close to the sustainable range and the dividend may be at risk.New Risk • Mar 09New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (20% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Mar 09Full year 2024 earnings released: EPS: €2.04 (vs €1.96 in FY 2023)Full year 2024 results: EPS: €2.04 (up from €1.96 in FY 2023). Revenue: €3.23b (up 18% from FY 2023). Net income: €137.9m (up 4.0% from FY 2023). Profit margin: 4.3% (down from 4.8% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 6.2% growth forecast for the Logistics industry in Europe. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 1% per year.공시 • Jan 27Österreichische Post AG, Annual General Meeting, Apr 09, 2025Österreichische Post AG, Annual General Meeting, Apr 09, 2025.New Risk • Nov 10New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 101% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.7% per year for the foreseeable future. Minor Risks High level of debt (101% net debt to equity). Dividend is not well covered by cash flows (157% cash payout ratio).Reported Earnings • Nov 06Third quarter 2024 earnings released: EPS: €0.37 (vs €0.17 in 3Q 2023)Third quarter 2024 results: EPS: €0.37 (up from €0.17 in 3Q 2023). Revenue: €760.5m (up 11% from 3Q 2023). Net income: €24.9m (up 118% from 3Q 2023). Profit margin: 3.3% (up from 1.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.9% growth forecast for the Logistics industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings.공시 • Aug 20+ 3 more updatesÖsterreichische Post AG to Report Fiscal Year 2024 Results on Mar 07, 2025Österreichische Post AG announced that they will report fiscal year 2024 results on Mar 07, 2025Reported Earnings • Aug 08Second quarter 2024 earnings released: EPS: €0.67 (vs €0.67 in 2Q 2023)Second quarter 2024 results: EPS: €0.67 (down from €0.67 in 2Q 2023). Revenue: €639.6m (up 3.1% from 2Q 2023). Net income: €45.5m (flat on 2Q 2023). Profit margin: 7.1% (down from 7.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Logistics industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.Reported Earnings • May 13First quarter 2024 earnings released: EPS: €0.59 (vs €0.46 in 1Q 2023)First quarter 2024 results: EPS: €0.59 (up from €0.46 in 1Q 2023). Revenue: €782.2m (up 18% from 1Q 2023). Net income: €41.6m (up 34% from 1Q 2023). Profit margin: 5.3% (up from 4.7% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Logistics industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 7% per year.Upcoming Dividend • Apr 19Upcoming dividend of €1.78 per shareEligible shareholders must have bought the stock before 26 April 2024. Payment date: 02 May 2024. Payout ratio is on the higher end at 91%, and the cash payout ratio is above 100%. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.2%).Reported Earnings • Mar 14Full year 2023 earnings released: EPS: €1.96 (vs €1.86 in FY 2022)Full year 2023 results: EPS: €1.96 (up from €1.86 in FY 2022). Revenue: €2.84b (up 13% from FY 2022). Net income: €132.6m (up 5.5% from FY 2022). Profit margin: 4.7% (down from 5.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 2.8% growth forecast for the Logistics industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 6% per year.Buy Or Sell Opportunity • Jan 25Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 2.4% to €31.45. The fair value is estimated to be €26.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 4.5% in 2 years. Earnings are forecast to decline by 4.1% in the next 2 years.공시 • Dec 19Österreichische Post AG Appoints Walter Oblin as CEO, Effective 1 October 2024At its meeting on 18 December 2023, the Supervisory Board of Austrian Post appointed Walter Oblin as Chairman of the Management Board and CEO of Austrian Post. The appointment takes effect on 1 October 2024. Walter Oblin has been with the company since 1 October 2009 and has been Chief Financial Officer of Austrian Post since 1 July 2012. On 1 January 2019, he was appointed Deputy Chief Executive Officer and, in addition to his role as Management Board Member responsible for Finance, also took on responsibility for the Mail Division. Walter Oblin will continue in his current role as Management Board Member responsible for Finance and Mail (CFO) until he takes over the position of the Chairman of the Management Board.공시 • Aug 12+ 1 more updateÖsterreichische Post AG, Annual General Meeting, Apr 18, 2024Österreichische Post AG, Annual General Meeting, Apr 18, 2024.이익 및 매출 성장 예측XTRA:O3P - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20283,335141203363212/31/20273,268135194349312/31/20263,13812919134423/31/20263,063109295436N/A12/31/20253,056132218362N/A9/30/20253,107133-6152N/A6/30/20253,115129-195-35N/A3/31/20253,137136-12539N/A12/31/20243,132138-40122N/A9/30/20243,01514577240N/A6/30/20242,967131265429N/A3/31/20242,841141287452N/A12/31/20232,74713390255N/A9/30/20232,679129-24139N/A6/30/20232,598146-270-114N/A3/31/20232,588126-282-110N/A12/31/20222,525126-251-80N/A9/30/20222,506131-248-65N/A6/30/20222,47412969257N/A3/31/20222,479135169349N/A12/31/20212,525152317493N/A9/30/20212,538155436628N/A6/30/20212,483154536708N/A3/31/20212,346138596760N/A12/31/20202,202118565733N/A9/30/20202,081116477616N/A6/30/20202,046112370510N/A3/31/20202,056132183352N/A12/31/20192,046146N/A327N/A9/30/20192,027139N/A272N/A6/30/20192,007147N/A246N/A3/31/20191,983145N/A192N/A12/31/20181,981144N/A296N/A9/30/20181,954164N/A342N/A6/30/20181,944165N/A320N/A3/31/20181,944167N/A370N/A12/31/20171,942165N/A256N/A9/30/20171,927158N/A231N/A6/30/20171,915155N/A223N/A3/31/20171,929155N/A225N/A12/31/20162,033153N/A224N/A9/30/20162,16768N/A222N/A6/30/20162,29968N/A218N/A3/31/20162,39666N/A217N/A12/31/20152,40371N/A216N/A9/30/20152,379151N/A221N/A6/30/20152,368151N/A244N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: O3P 의 연간 예상 수익 증가율(8.3%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: O3P 의 연간 수익(8.3%)이 German 시장(17.2%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: O3P 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: O3P 의 수익(연간 3.4%)이 German 시장(연간 6.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: O3P 의 수익(연간 3.4%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: O3P의 자본 수익률은 3년 후 18.3%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YTransportation 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/25 15:59종가2026/05/25 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Österreichische Post AG는 16명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Marco LimiteBarclaysWilliam Fitzalan HowardBerenbergOthmane BrichaBofA Global Research13명의 분석가 더 보기
New Risk • May 18New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 100% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (100% net debt to equity). Dividend is not well covered by earnings (113% payout ratio).
Reported Earnings • May 11First quarter 2026 earnings released: EPS: €0.22 (vs €0.56 in 1Q 2025)First quarter 2026 results: EPS: €0.22 (down from €0.56 in 1Q 2025). Revenue: €802.7m (up 5.1% from 1Q 2025). Net income: €14.9m (down 61% from 1Q 2025). Profit margin: 1.9% (down from 5.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Logistics industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 2% per year.
Upcoming Dividend • Apr 17Upcoming dividend of €1.83 per shareEligible shareholders must have bought the stock before 24 April 2026. Payment date: 29 April 2026. Payout ratio is on the higher end at 94%, however this is supported by cash flows. Trailing yield: 5.2%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.4%).
Declared Dividend • Mar 15Dividend of €1.83 announcedDividend of €1.83 is the same as last year. Ex-date: 24th April 2026 Payment date: 29th April 2026 Dividend yield will be 5.4%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio). However, it is covered by cash flows (57% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 3.6% to bring the payout ratio under control. EPS is expected to grow by 7.3% over the next 2 years, which is sufficient to bring the dividend into a sustainable range.
Reported Earnings • Mar 14Full year 2025 earnings released: EPS: €1.96 (vs €2.04 in FY 2024)Full year 2025 results: EPS: €1.96 (down from €2.04 in FY 2024). Revenue: €3.16b (up 1.0% from FY 2024). Net income: €132.2m (down 4.1% from FY 2024). Profit margin: 4.2% (down from 4.4% in FY 2024). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Logistics industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has remained flat.
공시 • Mar 13Österreichische Post AG announces Annual dividend, payable on April 29, 2026Österreichische Post AG announced Annual dividend of EUR 1.8300 per share payable on April 29, 2026, ex-date on April 24, 2026 and record date on April 27, 2026.
공시 • Jan 28The Platform Group AG (XTRA:TPG0) signed an agreement to acquire AEP GmbH from Österreichische Post AG (WBAG:POST) and a group of shareholders.The Platform Group AG (XTRA:TPG0) signed an agreement to acquire AEP GmbH from Österreichische Post AG (WBAG:POST) and a group of shareholders on January 26, 2026. The acquisition will be financed based on a clearly defined financing concept, combining internal funds, equity and debt capital. By March 2026, the Management Board intends to implement an adjusted and sustainable financing structure in connection with the acquisition of AEP. In this context, the Platform Group has resolved on two capital increases excluding subscription rights, comprising a total of 2 million new shares to be placed with long-term investors, with gross proceeds of €9.8 million. Registration in the commercial register is expected by February 2026. For the period ending December 31, 2025, AEP GmbH reported total revenue of €1 billion. Following the acquisition, The Platform Group intends to establish the pharmaceutical business as a standalone segment. Going forward, this segment will operate under the name Pharma & Service Goods. In addition, the pharmaceutical activities are to be organized as a fully independent business unit with its own dedicated management team. Following closing, The Platform Group intends to bundle its existing pharmaceutical and pharmacy-related activities under the umbrella brand “Pharma Group.” This will include AEP, ApoNow, apothekia, and the Doc.Green platform. The transaction is subject to regulatory approval, German Federal Cartel Office approval and the fulfillment of customary closing conditions. The transaction is expected to close in the first to second quarter of 2026.
공시 • Dec 09Österreichische Post AG, Annual General Meeting, Apr 15, 2026Österreichische Post AG, Annual General Meeting, Apr 15, 2026.
Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: €0.42 (vs €0.37 in 3Q 2024)Third quarter 2025 results: EPS: €0.42 (up from €0.37 in 3Q 2024). Revenue: €751.4m (up 2.6% from 3Q 2024). Net income: €28.9m (up 16% from 3Q 2024). Profit margin: 3.8% (up from 3.4% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Logistics industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 3% per year.
New Risk • Aug 12New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 96% Paying a dividend despite having no free cash flows. High level of non-cash earnings (34% accrual ratio).
Reported Earnings • Aug 11Second quarter 2025 earnings released: EPS: €0.43 (vs €0.53 in 2Q 2024)Second quarter 2025 results: EPS: €0.43 (down from €0.53 in 2Q 2024). Revenue: €752.7m (flat on 2Q 2024). Net income: €28.9m (down 19% from 2Q 2024). Profit margin: 3.8% (down from 4.8% in 2Q 2024). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Logistics industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year.
공시 • Aug 09+ 3 more updatesÖsterreichische Post AG to Report First Half, 2026 Results on Aug 07, 2026Österreichische Post AG announced that they will report first half, 2026 results on Aug 07, 2026
New Risk • May 16New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Paying a dividend despite having no free cash flows.
Upcoming Dividend • Apr 09Upcoming dividend of €1.83 per shareEligible shareholders must have bought the stock before 16 April 2025. Payment date: 23 April 2025. Payout ratio is on the higher end at 90% but the company is not cash flow positive. Trailing yield: 6.0%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.1%).
Declared Dividend • Mar 13Dividend increased to €1.83Dividend of €1.83 is 2.8% higher than last year. Ex-date: 16th April 2025 Payment date: 23rd April 2025 Dividend yield will be 5.8%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (89.6% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share is expected to remain steady over the next 2 years. This means the payout ratio will remain close to the sustainable range and the dividend may be at risk.
New Risk • Mar 09New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (20% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Mar 09Full year 2024 earnings released: EPS: €2.04 (vs €1.96 in FY 2023)Full year 2024 results: EPS: €2.04 (up from €1.96 in FY 2023). Revenue: €3.23b (up 18% from FY 2023). Net income: €137.9m (up 4.0% from FY 2023). Profit margin: 4.3% (down from 4.8% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 6.2% growth forecast for the Logistics industry in Europe. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 1% per year.
공시 • Jan 27Österreichische Post AG, Annual General Meeting, Apr 09, 2025Österreichische Post AG, Annual General Meeting, Apr 09, 2025.
New Risk • Nov 10New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 101% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.7% per year for the foreseeable future. Minor Risks High level of debt (101% net debt to equity). Dividend is not well covered by cash flows (157% cash payout ratio).
Reported Earnings • Nov 06Third quarter 2024 earnings released: EPS: €0.37 (vs €0.17 in 3Q 2023)Third quarter 2024 results: EPS: €0.37 (up from €0.17 in 3Q 2023). Revenue: €760.5m (up 11% from 3Q 2023). Net income: €24.9m (up 118% from 3Q 2023). Profit margin: 3.3% (up from 1.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.9% growth forecast for the Logistics industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings.
공시 • Aug 20+ 3 more updatesÖsterreichische Post AG to Report Fiscal Year 2024 Results on Mar 07, 2025Österreichische Post AG announced that they will report fiscal year 2024 results on Mar 07, 2025
Reported Earnings • Aug 08Second quarter 2024 earnings released: EPS: €0.67 (vs €0.67 in 2Q 2023)Second quarter 2024 results: EPS: €0.67 (down from €0.67 in 2Q 2023). Revenue: €639.6m (up 3.1% from 2Q 2023). Net income: €45.5m (flat on 2Q 2023). Profit margin: 7.1% (down from 7.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Logistics industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.
Reported Earnings • May 13First quarter 2024 earnings released: EPS: €0.59 (vs €0.46 in 1Q 2023)First quarter 2024 results: EPS: €0.59 (up from €0.46 in 1Q 2023). Revenue: €782.2m (up 18% from 1Q 2023). Net income: €41.6m (up 34% from 1Q 2023). Profit margin: 5.3% (up from 4.7% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Logistics industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 7% per year.
Upcoming Dividend • Apr 19Upcoming dividend of €1.78 per shareEligible shareholders must have bought the stock before 26 April 2024. Payment date: 02 May 2024. Payout ratio is on the higher end at 91%, and the cash payout ratio is above 100%. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.2%).
Reported Earnings • Mar 14Full year 2023 earnings released: EPS: €1.96 (vs €1.86 in FY 2022)Full year 2023 results: EPS: €1.96 (up from €1.86 in FY 2022). Revenue: €2.84b (up 13% from FY 2022). Net income: €132.6m (up 5.5% from FY 2022). Profit margin: 4.7% (down from 5.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 2.8% growth forecast for the Logistics industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 6% per year.
Buy Or Sell Opportunity • Jan 25Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 2.4% to €31.45. The fair value is estimated to be €26.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 4.5% in 2 years. Earnings are forecast to decline by 4.1% in the next 2 years.
공시 • Dec 19Österreichische Post AG Appoints Walter Oblin as CEO, Effective 1 October 2024At its meeting on 18 December 2023, the Supervisory Board of Austrian Post appointed Walter Oblin as Chairman of the Management Board and CEO of Austrian Post. The appointment takes effect on 1 October 2024. Walter Oblin has been with the company since 1 October 2009 and has been Chief Financial Officer of Austrian Post since 1 July 2012. On 1 January 2019, he was appointed Deputy Chief Executive Officer and, in addition to his role as Management Board Member responsible for Finance, also took on responsibility for the Mail Division. Walter Oblin will continue in his current role as Management Board Member responsible for Finance and Mail (CFO) until he takes over the position of the Chairman of the Management Board.
공시 • Aug 12+ 1 more updateÖsterreichische Post AG, Annual General Meeting, Apr 18, 2024Österreichische Post AG, Annual General Meeting, Apr 18, 2024.