bpost NV/SA (BPOSY) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

recorded, and for the duration of the call, your line will be on listen only. However, you will have the opportunity to ask questions at the end of the call. This can be done by pressing star 1 on your telephone keypad to register your question. If you require assistance at any point, please press star 0 and you will be connected to an operator. I will now hand over to your host, Mr. Chris Peters, CEO, to begin today's conference. Please go ahead, sir. Good morning, ladies and gentlemen. Welcome to all of you, and thank you for joining us. We don't only have Philippe and myself, but also Antoine Lebec, Head of Investor Relations in the room, and Philippe and myself will walk you through our first quarter 2025 results. We posted the materials on our website this morning. We will walk you through the presentation and we'll then take your questions. As always, two questions each would ensure everyone gets the chance in the upcoming hour. Flip over to you for the financials. I'll then come back with an update on some of our key strategic priorities for 2025. Thank you, Chris, and good morning to all. As you can see on the highlights on page 3, our group operating income for 2021 stood at €1,119,000,000 and increased year-over-year by close to 13%. At constant perimeter, meaning excluding the 199 million consolidation impact of Stasi, our operating income decreased by 7% above 73 million, mainly driven by the following factors. Number one, persistent headwinds in North America following contract termination announced in 2025, 2024, and the loss of enterprise customers earlier this year, as flagged in our 2025 Second, lower press revenue driven by the new press contract that came into effect in July last year in 24, combined with continuous structural volume decline in dom...