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bpost: stock up after successful Q2

( - bpost group has reported better-than-expected Q2 results on Friday, with measures taken by the group to counteract current macroeconomic pressures having paid off.

Adjusted Ebit reached 82.6 million euros, down 22.5% on a high comparison basis in Q2 2021.

According to a consensus provided by the group, analysts were expecting an average revenues of 1,016.1 million euros for an adjusted Ebit of 70.4 million euros.

In its press release, bpost stresses that these better-than-expected results were supported by the resilience of its mail business revenues, the growth of Radial North America and the implementation of measures to mitigate the impact of the unfavourable macroeconomic environment.

The group warns of "even stronger" headwinds from inflation, transportation and energy costs, and declining consumer confidence.

The stock is currently up over 6% in reaction to the results, bringing its rebound over the past month to more than 20%.

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