Czech Post’s revenue grew 1% in 2023. Driven by an EBIT of €-55.4m, Czech Post reported an EBIT margin of -4.1% in 2023, compared to -8.3% the prior year.
While Czech Post’s staff costs share ranks in the higher third of the industry, the post has reduced its staff costs-to-revenue ratio by nearly a tenth in the period 2019-2023, while increasing revenue per employee by 13% in 2023. The number of full-time equivalents employed by the post fell by 11% in 2023. Czech Post plans to continue its transformation in 2024, including the planned sale of subsidiary Balíkovna. For more details download the latest IPC Carrier Intelligence Report for Czech Post.
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