EANS-Adhoc: AUSTRIAN POST AND DEUTSCHE POST DHL GROUP ENTER INTO A LONG-TERM
PARTNERSHIP
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Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is responsible for the content of this announcement.
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Joint Ventures/Cooperation/Collaboration
12.03.2019
Vienna -
* Austrian Post will serve as a delivery partner of Deutsche Post DHL Group in
Austria
* Cooperation planned in the course of 2019 after a review by competition
authorities
Austrian Post and Deutsche Post DHL Group have agreed upon a long-term
partnership. The collaboration of the two companies is still subject to a review
by the German Federal Cartel Office and the Austrian Federal Competition
Authority. Provided that a positive decision is handed down, the partnership
should begin in the course of 2019. It stipulates the delivery of parcels in
Austria by Austrian Post. Furthermore, it is planned that Austrian Post will
take over the affected Deutsche Post DHL Group employees and a majority of its
logistics facilities in Austria.
The collaboration should enable both partners to jointly leverage the potential
in the growing, cross-border e-commerce business and harness the strengths of
both companies in their respective delivery networks. At the same time,
customers in both countries will be offered high-quality parcel delivery
services with short delivery times for incoming and outgoing shipments.
"We are pleased to have secured Deutsche Post DHL Group as a partner. Our
comprehensive Austrian-wide delivery stands for quality and reliability", says
Austrian Post CEO Georg Pölzl. "Pick-up stations, self-service zones, pick-up
boxes and the features of our Post App are unique and are well received by our
customers", he adds.
Based on the 108 million parcels transported by Austrian Post in 2018, the
medium-term objective of Austrian Post is to increase parcel volumes to 150
million items by 2022. This cooperation agreement comprises an important step
towards achieving this target earlier than envisaged. The stable outlook of
Austrian Post with regard to its operating earnings in the 2019 financial year
remain unchanged against the backdrop of rising parcel volumes but increasing
investment and integration costs.
Further inquiry note:
Austrian Post
Ingeborg Gratzer
Head of Press Relations & Internal Communications
+43 57767-32010
ingeborg.gratzer@post.at
Harald Hagenauer
Head of Investor Relations, Group Auditing & Compliance
+43 57767-30400
harald.hagenauer@post.at
end of announcement euro adhoc
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issuer: Österreichische Post AG
Rochusplatz 1
A-1030 Wien
phone: +43 (0)57767-0
FAX:
mail: investor@post.at
WWW: www.post.at
ISIN: AT0000APOST4
indexes: ATX
stockmarkets: Wien
language: English
issuer: Österreichische Post AG Rochusplatz 1 A-1030 Wien phone: +43 (0)57767-0 FAX: mail: investor@post.at WWW: www.post.at ISIN: AT0000APOST4 indexes: ATX stockmarkets: Wien language: English ...
issuer: Österreichische Post AG Rochusplatz 1 A-1030 Wien phone: +43 (0)57767-0 FAX: mail: investor@post.at WWW: www.post.at ISIN: AT0000APOST4 indexes: ATX stockmarkets: Wien language: English ...
issuer: Österreichische Post AG Rochusplatz 1 A-1030 Wien phone: +43 (0)57767-0 FAX: mail: investor@post.at WWW: www.post.at ISIN: AT0000APOST4 indexes: ATX stockmarkets: Wien language: English ...