Oesterreichische Post AG Q4 2021 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Andre F. M. Mulder - Kepler Cheuvreux, Research Division - Analyst : First question on the Parcels side. Can you give us an indication how the split in Parcels in Aras looks like? Secondly, looking at Q4, we saw stable volumes in Austria, still some growth in Eastern Europe, but there was a decline of more than 10% in Turkey. Of course, there's quite some economic turmoil, but how are things progressing so far this year? Then a question on Germany. I saw that sales in Germany almost tripled last year. Can you give some insight in what's that? And last on Amazon. Any idea of where you think that the market share of Amazon will ultimately land? Walter Oblin - +sterreichische Post AG - CFO and Deputy Chairman of the Management Board and Deputy CEO of Mail & Finance Yes. Thank you, Andre, for your questions. I think we do not have full transparency about Amazon's plans. So I think we -- it is hard for us to comment on target market share figures for Amazon. They do have a very strong position in the Austrian e-commerce market with a substantial share of all B2C parcels coming from Amazon. And then, of course, it's a question of how quickly and how far they build out their own distribution network. And again, bear with me that we do not have inside knowledge about their plans. But we do expect further build out and further market share gains by Amazon's own delivery network. On Germany, to be honest, I'm not 100% sure what you are referring to. Our sales in Germany -- maybe you comment and clarify that for me. Turkey in Q4, we still saw revenue increase in Turkish lira in Q4, but the FX rates depreciated from around TRY 10 per euro in August to around TRY 16 today, and with strong fluctuations, in particular, in December, given the Central Bank interventions. So just from the currency, you basically have a revenue decline in Euros. All other things being equal of around 30% only resulting from this currency devaluation. And then your first question on the split of Parcels, can you clarify what you exactly mean? I didn't get you.

Question: Andre F. M. Mulder - Kepler Cheuvreux, Research Division - Analyst : I was looking for the EBIT contribution, maybe some indication of the margins that you're making in any of these 3 areas. Walter Oblin - +sterreichische Post AG - CFO and Deputy Chairman of the Management Board and Deputy CEO of Mail & Finance Yes. Again, we do not -- please bear with me that we do not provide a detailed margin reporting for our geographies. But I think what I can say is that Turkey provided above-average margins -- substantially above average margins last year. And then...