2023-09-25 08:05:39
bpost shares gained more than 10% at the opening of trading on Monday. On Friday evening, the postal company announced the results of an internal investigation into government contracts for which it had overcharged in the past.
The government paid too much money for three services provided by the postal company: the processing of national and international traffic fines (CBF), the management of 679 accounts (which represents the prefix of the account numbers of more than 200 public institutions managed by bpost for the benefit of the State) and the production, delivery and cancellation of registration plates.
Bpost then announced that it would record a provision of 75 million euros to possibly reimburse the various State services following negotiations which will open with them.
In addition, the company expects a negative impact on EBIT profit (i.e. earnings before interest and taxes) of 10 million euros. This figure, however, is lower than the April estimate. At the time, the group was still counting on an impact of 25 to 50 million euros.
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