The POST Group presents its Annual Report 2024

POST Luxembourg recorded moderate growth in 2024 and made sustainable investments

• The POST Luxembourg Group generated sales of €978 million in 2024, up 1 % on the previous year.
• Investments in 2024 amounted to €131 million.
• Consolidated operating profit (EBITDA) for 2024 fell by almost 10 % to €170 million.
• Consolidated net profit for 2024 was €50 million.
• The Group employed 4,518 people.
   

At a press conference on Tuesday 13 May 2025, Serge Allegrezza, Chairman of the Board of Directors, and Claude Strasser, Managing Director, presented the POST Luxembourg Group's balance sheet and Annual Report 2024. This report, including the sustainability report, provides a comprehensive view of the financial and non-financial performance of POST and its subsidiaries, highlighting the Group's impact on society and the environment, as well as its ability to generate long-term value.

Compared with the previous year, Group turnover rose by 1 % to €978 million, driven mainly by the Telecom & ICT business, which posted turnover growth of 1.7 % to €518 million.

To strengthen its positioning in the consumer market, POST Telecom launched the new ‘POP’ umbrella brand in April 2024, bringing together mobile, fixed internet and TV offerings under a single identity. This launch was accompanied by a technological evolution in fixed internet, with speeds never seen before in Luxembourg thanks to 10 Gbit/s technology. Claude Strasser summed up: ‘Our main objective is to stand out from the crowd with cutting-edge telecoms services and exemplary quality of service.’

For the professional market, POST launched in 2024 the entity named ‘DEEP’, integrating the expertise of 4 subsidiaries of the POST Luxembourg Group: EBRC, Elgon, Digora Luxembourg and the B2B activities of POST Telecom. This strategic combination will enable DEEP to offer a complete portfolio of telecoms and ICT services to business customers, supported by more than 750 employees. DEEP covers key areas such as cybersecurity, artificial intelligence and the Cloud, including a sovereign Cloud specially adapted to the Luxembourg market, developed together with its French partner OVHcloud.

In the mail and logistics business, sales fell by 4 % to €176 million. With the structural decline in letters moderated in 2024, this decline can be explained by the collapse of logistics sales by almost half as a result of the virtual halt in the flow of parcels from Asia. On the other hand, the volume of parcels has increased by 15 % compared with 2023, reaching 8.4 million units. To support this growth, POST is investing massively in its infrastructure, with plans to install a new parcel sorting machine in 2026 and build a new logistics centre in Bettembourg. ‘These investments represent a total budget of €80 million’, explained Claude Strasser.

POST Finance posted solid results in 2024, buoyed by a high key interest rate environment. This favourable environment resulted in a 15.7 % increase in sales to €76 million and a positive contribution to the POST group's overall result. At the same time, major efforts were made in terms of regulatory compliance, involving the updating of the files of more than 140,000 customers.

Claude Strasser, Managing Director of POST Luxembourg, concluded: ‘Financially, 2024 was a good year, following an already very favourable 2023 for all our activities and subsidiaries. I am particularly pleased that last year we embarked on a number of major projects as part of our five-year strategy to secure the future of our business. However, the outlook for 2025 is more uncertain, with a falling interest rate, a slowdown in economic activity and increased pressure on costs.’

Serge Allegrezza, Chairman of the Board of Directors of POST Luxembourg, emphasised: ‘At €131 million, the investments made in 2024 are very substantial. They mainly concern telecommunications and ICT infrastructures and solutions, and are easily financed by operating cash flow. Net of other cash transactions, the Group will generate free cash flow of €32 million. On this basis, the Board of Directors of POST Luxembourg proposes the distribution of a dividend to the State of 15 million euros.’

(Source : POST Luxembourg, 13 May 2025)