EANS-Adhoc: Österreichische Post AG / AUSTRIAN POST IN H1 2013: SLIGHT REVENUE GROWTH AND EARNINGS IMPROVEMENT (EBIT +3.9%) IN THE FIRST HALF-YEAR, OUTLOOK CONFIRMED FOR 2013

--------------------------------------------------------------------------------
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
--------------------------------------------------------------------------------

Financial Figures/Balance Sheet/6-month report
07.08.2013

- Market environment

- Ongoing satisfactory mail business in Austria,
positive revenue effects due to elections
- Robust growth in the Austrian parcel market
- Strong competition in the international parcel business

- Higher revenue
- Revenue growth of 1.5% (excl. Benelux)
- Slight growth in both the mail and parcel businesses
- Further earnings growth
- EBIT up 3.9% to EUR 98.4m
- Efficiency enhancement and improvement of the cost structure
- Outlook for 2013 confirmed
- Stable or slightly rising revenue development expected
- Goal of further earnings improvement

OVERVIEW OF AUSTRIAN POST The first half of 2013 proceeded very
satisfactorily for Austrian Post. In particular, the mail segment
developed gratifyingly during the reporting period. Although the
structural trend caused by declining letter mail volumes as a
consequence of electronic substitution is continuing, growth was
achieved thanks to positive revenue effects. The Austrian parcel
market also showed growth momentum in 2013, which was mainly driven
by the ongoing trend towards online shopping. A more differentiated
picture emerges when considering the international business of
Austrian Post. In South East and Eastern Europe, the company
succeeded in generating revenue growth, whereas revenue decreased in
Germany due to the highly competitive market environment there. Here
the efficiency enhancement programme is being continued. The cost
basis of the subsidiary trans-o-flex is being improved by insourcing
distribution services in selected regions and by streamlining
structures. Group revenue, adjusted to take account of the Benelux
subsidiaries disposed in the middle of 2012, rose by 1.5% in the
first half of 2013. The mail business achieved a 1.8% revenue
increase as a consequence of acquisitions and positive revenue
effects (elections and referendums), while parcel operations
generated a 1.3% rise in revenue (excl. Benelux). Earnings also
improved on this basis. EBIT climbed by 3.9% to EUR 98.4m, and
earnings per share were up by 4.5% to EUR 1.12. An important
milestone in the first half of 2013 was Austrian Post's entry into
the Turkish parcel market. In June, an agreement was reached with the
owners of the parcel services provider Aras Kargo to acquire a 25%
stake in the company. The closing of the transaction took place on
July 30, 2013. "On the basis of this acquisition we entered the
promising future market of Turkey, whose parcel business offers
enormous growth potential. Aras Kargo, a leading logistics provider,
boasts an outstanding track record in the Turkish parcel market
combined with a high level of services", says Georg Pölzl, Chief
Executive Officer of Austrian Post. In addition to this strategic
expansion, Austrian Post's priorities remain the ongoing increase in
efficiency and flexibilisation of its cost structure. The outlook for
the 2013 financial year can be confirmed based on current market
developments. Revenue is expected to remain stable or increase
slightly, and the company is striving to further improve its EBIT.

REVENUE DEVELOPMENT IN DETAIL In the first half of 2013, Austrian
Post's reported revenue of EUR 1,173.1m was at the same level as in
the previous year. Adjusted to take account of the revenue of EUR
17.3m generated by the disposed and deconsolidated subsidiaries in
the Benelux region in the first half of 2012, the revenue increase in
the first half-year of 2013 amounted to 1.5%.

REVENUE BY DIVISION*

Change
EUR m H1 2012 H1 2013 % EUR m Q2 2012 Q2 2013
Total revenue 1,173.1 1,173.1 0.0% 0.0 567.4 570.2
Revenue excl.
Benelux subsidiaries** 1,155.9 1,173.1 1.5% 17.3 560.9 570.2
Mail & Branch Network 741.6 754.6 1.8% 13.0 356.6 363.7
Parcel & Logistics 430.8 419.0 -2.8% -11.9 210.1 206.9
Parcel & Logistics
excl. Benelux** 413.6 419.0 1.3% 5.4 203.6 206.9
Corporate 5.4 3.7 -30.6% -1.6 4.1 0.3
Consolidation -4.7 -4.2 10.2% 0.5 -3.3 -0.6
Calendar working
days in Austria 124 123 - - 60 60

* External sales of the divisions

** The closing of the disposal of trans-o-flex Nederland B.V. took
place as of March 15, 2012, for trans-o-flex Belgium B.V.B.A as of
May 31, 2012

Revenue of the Mail & Branch Network Division rose by 1.8%, or EUR
13.0m, to EUR 754.6m. On the one hand, this gratifying development
can be attributed to the consolidation of new subsidiaries in Poland,
Romania and Bulgaria (plus EUR 12.5m). On the other hand, the revenue
increase is also due to the positive impetus provided by elections
and referendums held in Austria during the first half of 2013. In
addition, services offered in the field of Mail Solutions posted
growth during the reporting period. In the Parcel & Logistics
Division, revenue adjusted to take account of the disposed
subsidiaries in the Benelux region, rose by 1.3% to EUR 419.0m. From
a regional perspective, the Austrian parcel market generated the
strongest growth, whereas revenue declined in Germany.

INCOME STATEMENT Against the backdrop of a stable revenue development
of the Group, revenue declined in the German parcel and logistics
business, which is characterised by a high share of external
transport services. This is the underlying reason for the decrease in
operating expenses for raw materials, consumables and services used,
which fell by 1.9% to EUR 372.4m. Staff costs increased slightly
year-on-year by 0.6% to EUR 550.6m. This figure encompasses all
operational staff costs as well as non-operational staff costs in the
Group, which are primarily designed to enable a sustainable
improvement in the cost structure. Operational staff costs at EUR
519.3m remained at a stable level compared to the previous year.
Non-operational staff costs, which include severance payments,
restructuring measures and provisions, amounted to EUR 31.2m in the
first half of 2013 compared to the prior-year level of EUR 27.7m. In
addition to the usual severance payments, a total of EUR 17.7m was
allocated to the provisions for employee under-utilisation and
various restructuring measures. In the first half of 2013, earnings
before interest, tax, depreciation and amortisation (EBITDA) of
Austrian Post Group improved by 3.3% to EUR 139.9m. Accordingly, the
EBITDA margin was 11.9%. Earnings before interest and tax (EBIT) rose
by 3.9% to EUR 98.4m, corresponding to an EBIT margin of 8.4%.

EBIT BY DIVISION

Change
EUR m H1 2012* H1 2013 % EUR m Q2 2012* Q2 2013
Total EBIT 94.7 98.4 3.9% 3.7 36.4 38.6
Mail & Branch Network 137.0 141.9 3.6% 4.9 60.6 62.9
Parcel & Logistics 11.6 12.4 6.6% 0.8 3.8 5.0
Corporate -53.9 -56.0 -3.9% -2.1 -28.0 -29.3

* Apply of the revised standard IAS 19 ahead of schedule: adjustment for staff
costs, results of investments consolidated at equity, income tax and the
respective earnings items

The company also shows a stable development from a divisional
perspective. The Mail & Branch Network Division generated an EBIT of
EUR 141.9m, a rise of 3.6%. This increase is related to positive
revenue effects as well as the ongoing efficiency improvements in the
entire mail logistics operations. EBIT of the Parcel & Logistics
Division in the first half of 2013 amounted to EUR 12.4m, slightly
above the level achieved in the prior-year period. This positive
earnings development is mainly attributable to the good performance
in Austria. Overall, the division's EBIT margin was 2.9%. After
deducting income taxes totalling EUR 20.0m, the Group net profit
(profit after tax) in the first half of 2013 amounted to EUR 76.5m, a
rise of 5.2% from the results of the prior-year period. After
deducting the profit for the period attributable to non-controlling
interests, this corresponds to earnings of EUR 1.12 per share, an
increase of 4.5%. Q2 2013 earnings per share totalled EUR 0.44
compared to EUR 0.43 in the second quarter of the previous year.

CASH FLOW In the first six months of 2013, operating cash flow before
changes in working capital totalled EUR 154.5m, slightly above the
prior-year level. On balance, the changes in net working capital
totalled minus EUR 47.2m during the period under review, of which
minus EUR 34.6m can be attributed to the reduction in current
provisions and the related payments of obligations from previous
periods. The cash flow from investing activities of minus EUR 84.4m
includes cash outflows for the purchase of property, plant and
equipment (CAPEX) totalling EUR 49.9m, including investments of EUR
10.8m relating to the new logistics centre in Allhaming, Upper
Austria, which is expected to be completed and put into operation by
September 2014. In addition, cash outflows of EUR 17.2m were for
acquisitions, mainly for the acquisition of the Romanian company
PostMaster s.r.l. as well as the increased stake in M&BM Express OOD,
Bulgaria. The free cash flow before acquisitions and securities
totalled EUR 58.8m in the first half of 2013.

EMPLOYEES The average number of full-time employees at the Austrian
Post Group totalled 23,906 people in the first half of 2013. This
comprises an increase of 925 employees from the prior-year period,
about 1,600 of whom can be attributed to the newly acquired
subsidiaries in Austria, Poland, Bulgaria and Romania. Most of
Austrian Post's labour force is employed by the parent company
Österreichische Post AG (a total of 18,843 full-time equivalents).

OUTLOOK FOR 2013 Austrian Post maintains its outlook for the entire
year 2013. A stable or slightly positive revenue development is
expected for the 2013 financial year. The mail and parcel business
continues to be impacted by the macro trends described as follows.
One is the ongoing volume decline of traditional addressed letter
mail items due to electronic substitution, which is likely to amount
to 3-5% p.a., reflecting international trends. In contrast, the
market for addressed and unaddressed direct mail items is likely to
remain weak as a consequence of the slowdown in economic activity.
However, positive volume effects related to various elections in
Austria in 2013 will provide additional impetus in the mail business.
The parcel business should continue to profit from growth in the
private customer segment, whereas the intensive level of competition
in the business customer segment is expected to continue, especially
on the German market. Enhancing the profitability of the mail and
parcel services offered will continue to be a key focal point of the
Group's activities. In particular, Austrian Post will maintain its
efforts to promote efficiency increases in its parcel and logistics
business. With respect to sustainable earnings development, Austrian
Post confirms the targeted EBITDA margin in the range of 10%-12% for
the group. The company is also striving to achieve a further
improvement in its earnings before interest and tax (EBIT) compared
to the 2012 financial year. The operating cash flow generated by
Austrian Post will continue to be used prudently and in a targeted
manner to finance sustainable efficiency improvements, structural
measures and future-oriented investments. Austrian Post anticipates
total capital expenditure to reach a level of about EUR 90m in 2013.
This will primarily focus on replacement investments in existing
facilities as well as their continuous modernisation and efficiency
enhancement.

PERFORMANCE OF DIVISIONS MAIL & BRANCH NETWORK DIVISION Divisional
revenue developed very positively in the first half of 2013,
increasing by 1.8% to EUR 754.6m. This development can be mainly
attributed to the first-time full consolidation of new Group
subsidiaries (plus EUR 12.5m) and positive effects of various
elections and referendums in Austria in the first half of 2013.
Revenue in the field of Letter Mail & Mail Solutions improved by 1.8%
from the prior-year period, rising to EUR 397.4m. The substitution of
letter mail by electronic media is continuing as in the past. Such
decreases took place, for example, in the telecommunications customer
segment. In contrast, various elections provided added impetus, due
to the fact that the possibility of voting by absentee ballot has
emerged as a popular instrument of direct democracy. New services
offered in the field of Mail Solutions also posted growth. Revenue in
the field of Direct Mail also increased in the first half of 2013,
climbing by 2.8% to EUR 219.7m. The rise here was due to the newly
consolidated subsidiaries and the positive effects of elections on
the business. The weaker economy and the pressure of online business
on retail stores dampened advertising spending. Media Post revenue
was down by 1.2% in the first six months of 2013 to EUR 70.7m. In
contrast, Branch Services revenue developed positively, rising by
1.1% to EUR 66.8m. This can be primarily attributed to higher sales
of mobile telephony products, which compensated for the decline in
financial services. On balance, EBIT of the Mail & Branch Network
Division improved by 3.6% to EUR 141.9m, which can be attributed to
the good revenue development as well as the ongoing efficiency
enhancement measures.

PARCEL & LOGISTICS DIVISION External sales of the Parcel & Logistics
Division decreased by 2.8% to EUR 419.0m in the first half of 2013.
However, the prior-year period still included the revenue achieved by
the Benelux subsidiaries disposed of during the first half of 2012.
The deconsolidation of the Dutch company took place as of March 15,
2012, and the disposal of the Belgian subsidiary took effect on May
31, 2012. Adjusted to take account of the former Benelux
subsidiaries, the division actually achieved a 1.3% revenue increase
in a year-on-year comparison. This growth was driven by increases in
Austria and in South East and Eastern Europe. In contrast, revenue
declined in Germany. Premium Parcels (parcel delivery within 24
hours), which are mainly used in the business-to-business segment,
generated revenue of EUR 314.3m in the first half of 2013, a drop of
4.6% from the previous year. This decline is primarily due to the
deconsolidation of the Benelux subsidiaries as well as the downward
trend in Germany due to the highly competitive market environment.
Parcel volumes of business customers increased at an above-average
rate in Austria. Standard Parcels, which mainly involve shipments to
private customers, posted growth. Revenue rose by 3.5% to EUR 89.6m.
Other Parcel Services generated revenue of EUR 15.1m during the
period under review. This field includes various additional logistics
services such as fulfilment, warehousing and cash logistics. Earnings
of the Parcel & Logistics Division featured an EBIT of EUR 12.4m, a
rise of 6.6% from the previous year. Accordingly, the EBIT margin was
2.9% in the first half-year.

The half-year financial report 2013 is available on the Internet at
www.post.at/ir/en --> Publications --> Financial Reports

Further inquiry note:
Austrian Post
Mr. Harald Hagenauer
Head of Investor Relations & Corporate Governance
Tel.: +43 (0) 57767-30400
harald.hagenauer@post.at

Austrian Post
Ms. Ingeborg Gratzer
Head of Press & Internal Communications
Tel.: +43 (0) 57767-24730
ingeborg.gratzer@post.at

end of announcement euro adhoc
--------------------------------------------------------------------------------

issuer: Österreichische Post AG
Haidingergasse 1
A-1030 Wien
phone: +43 (0)57767-0
mail: investor@post.at
WWW: www.post.at
sector: Transport
ISIN: AT0000APOST4
indexes: ATX Prime, ATX
stockmarkets: official market: Wien
language: English