Bpost is engaged in the provision of national and international mail and parcels services comprising the collection, transport, sorting and distribution of addressed and non-addressed mail, printed documents, newspapers and parcels. In addition, through its subsidiaries and business units, Co. sells a range of other products and services, including postal, parcels, banking and financial products, express delivery services, document management and related activities. Co. operates through two business units: the Mail & Retail Solutions and the Parcels & International.
  • TickerA1W0FA
  • ISINBE0974268972
  • ExchangeEuronext Brussels
  • SectorIndustrial Transportation
  • CountryBelgium

Analysts

Alan Vandenberghe ...
  • Alexander Makar
  • Jan Opdecam
  • Ruben Devos
  • Thomas Couvreur

Morning Note: BBED NA, BPOST BB, ECONB BB, KPN NA, RET BB, VGP BB

Beter Bed Holding: Looking at alternatives for Matratzen Concord bpost: Launch modified distribution model in Mar’20 Econocom: Capgemini takes over Altran KPN: CEO Ibarra resigns as CEO Retail Estates: € 97m portfolio deal in NL at attractive yield VGP: 112k sqm business park near Hanover

Alexander Makar ...
  • Bart Cuypers
  • Guy Sips
  • Jan Opdecam
  • Ruben Devos
  • Thomas Couvreur
  • Wim Hoste

Morning Note: ABI BB, ADYEN NA, BALTA BB, BPOST BB, BRNL NA, DSM NA, INTO BB, MELE BB, PROX BB, SOLB BB

AB InBev: Preview: acceleration of volumes & solid REBITDA Adyen: Continued exit of pre-IPO investors Balta: Strong 1Q top line, margins not yet following bpost: Ok results but worrisome mail volume trends Brunel International: Solid 1Q19 results DSM: Preview 1Q : underlying REBITDA expected +5.2% IO&W: 1Q19 results: on track for FY19 EPS Melexis: Geared up, on track to 20 ICs/car Proximus: EBITDA beat, soft commercial quarter Solvay: Preview 1Q : REBITDA expected to be flat

ING
Research Department

Benelux Morning Notes

bpost: debate around Newspaper & Magazine contract starting. Dutch construction: Flying high. Euronext: Nasdaq to make an offer to acquire Oslo Børs VPS. KPN: Q4 a notch better, weak 2019 guidance and in line 2021 ‘ambitions'.

Alan Vandenberghe ...
  • Jason Kalamboussis
  • Ruben Devos
  • Wim Hoste

KBC Securities Morning Note 29-1-2019 ABN NA, BPOST BB, DSM NA, GVNV NA, GREEN BB

ABN Amro: A Special Dividend could underpin 2019 outlook bpost: Tax authorities want to go digital DSM: Sets up vitamin E joint venture with Nenter GrandVision: Acquires online Benelux optical retailer Greenyard: Adjusting to a new reality

ING
Research Department

Benelux Morning Notes

Aedifica: Buys €450m UK portfolio. Bekaert: Look for the silver lining. bpost: sale of old Brussels X sorting centre finalised. bpost: CLA agreement reached but costs at high-end. Euronext: Acquires 78% stake in Commcise. IBA: PT One contract signed in Belgium. NN Group: NN IP and ING Bank Slaski strengthen partnership in Poland. Takeaway.com: Deal in Germany, strong support for the investment case.

Alan Vandenberghe ...
  • Alexander Makar
  • Jan Opdecam
  • Ruben Devos
  • Thomas Couvreur

Morning Note: BBED NA, BPOST BB, ECONB BB, KPN NA, RET BB, VGP BB

Beter Bed Holding: Looking at alternatives for Matratzen Concord bpost: Launch modified distribution model in Mar’20 Econocom: Capgemini takes over Altran KPN: CEO Ibarra resigns as CEO Retail Estates: € 97m portfolio deal in NL at attractive yield VGP: 112k sqm business park near Hanover

Alexander Makar ...
  • Bart Cuypers
  • Guy Sips
  • Jan Opdecam
  • Ruben Devos
  • Thomas Couvreur
  • Wim Hoste

Morning Note: ABI BB, ADYEN NA, BALTA BB, BPOST BB, BRNL NA, DSM NA, INTO BB, MELE BB, PROX BB, SOLB BB

AB InBev: Preview: acceleration of volumes & solid REBITDA Adyen: Continued exit of pre-IPO investors Balta: Strong 1Q top line, margins not yet following bpost: Ok results but worrisome mail volume trends Brunel International: Solid 1Q19 results DSM: Preview 1Q : underlying REBITDA expected +5.2% IO&W: 1Q19 results: on track for FY19 EPS Melexis: Geared up, on track to 20 ICs/car Proximus: EBITDA beat, soft commercial quarter Solvay: Preview 1Q : REBITDA expected to be flat

ING
Research Department

Benelux Morning Notes

bpost: debate around Newspaper & Magazine contract starting. Dutch construction: Flying high. Euronext: Nasdaq to make an offer to acquire Oslo Børs VPS. KPN: Q4 a notch better, weak 2019 guidance and in line 2021 ‘ambitions'.

Alan Vandenberghe ...
  • Jason Kalamboussis
  • Ruben Devos
  • Wim Hoste

KBC Securities Morning Note 29-1-2019 ABN NA, BPOST BB, DSM NA, GVNV NA, GREEN BB

ABN Amro: A Special Dividend could underpin 2019 outlook bpost: Tax authorities want to go digital DSM: Sets up vitamin E joint venture with Nenter GrandVision: Acquires online Benelux optical retailer Greenyard: Adjusting to a new reality

ING
Research Department

Benelux Morning Notes

Aedifica: Buys €450m UK portfolio. Bekaert: Look for the silver lining. bpost: sale of old Brussels X sorting centre finalised. bpost: CLA agreement reached but costs at high-end. Euronext: Acquires 78% stake in Commcise. IBA: PT One contract signed in Belgium. NN Group: NN IP and ING Bank Slaski strengthen partnership in Poland. Takeaway.com: Deal in Germany, strong support for the investment case.

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