bpost NV/SA (BPOSY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

ladies and gentlemen hello and welcome to the b post group second quarter 2025 analyst conference call on today's call we have mr chris peters ceo and mr philippe darcian cfo please note this call is being 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 key pound 5 on your telephone keypad to register your question. If you wish to withdraw your question, please dial pound key 6 on your telephone keypad. I will now hand over to your host, Mr. Chris Peters, CEO, to begin today's conference. Please go ahead, sir. Thank you. Good morning, ladies and gentlemen. Welcome to all of you, and thank you for joining us. 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 a chance to be addressed in the upcoming hour. Philippe, over to you for the financials. I'll then come back with a financial outlook and a follow-up on some of our strategic priorities for 2025. Thank you very much, Chris. Good morning, everyone. Welcome. As you can see on the highlight on page 3, our group operating income for Q2 stood at 1,092,000,000 euros and increased year-over-year by 10.5%. At constant perimeter, excluding the 195,000,000 consolidation impact of Stasi, our operating income decreased by 9% on 91,000,000, mainly driven by the following factors. Persistent headwinds in North America, following contract termination announced in 24 and in the earlier part of this year. Lower press revenue driven by the new press contract that came into effect in July last year, combined with decline in domestic mail against high comms in 2024...