|Bid||5.17 x 83800|
|Ask||5.21 x 50000|
|Day's Range||5.11 - 5.18|
|52 Week Range||3.80 - 5.73|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Adjusted earnings before interest and taxes (EBIT) fell 16.8% to 68.7 million euros ($75.18 million) in the second quarter, from 82.6 million euros in the year-ago period. Bpost did not provide a full new guidance for 2023 after it withdrew the previous one in April following a compliance review of its services with the Belgian state, but it issued new outlooks for two units. Bpost now expects 4-6% growth for its Belgian operations, up from a previous forecast of 3-5%, and a 7-9% EBIT margin, up from a prior outlook of 6.5-8.5%.
Belgian postal operator Bpost on Thursday reported quarterly core profit slightly above estimates, but did not provide new guidance for 2023, although interim CEO Philippe Dartienne said the previous targets remain valid "from an operational standpoint". The company withdrew its previous targets last month following a compliance review of its services with the Belgian State. Brokerage KBC Securities downgraded its rating on the company shares earlier this week to "reduce" from "buy" after the Belgium government said it would investigate its contracts with Bpost.
The Belgian government will launch an investigation into its contracts with postal operator Bpost, a minister said on Wednesday, after the company said it may have been overpaid for the work. Following a compliance review of its services, Bpost said on Monday it may have been overpaid for the contracts over several years and withdrew its full-year financial guidance. A spokesperson for Bpost declined to comment on the government investigation, but said it would cooperate while continuing its own investigations.