In Q3-26 Mail, Parcel & Distribution external revenues stood at €961m, up 2.8% y/y (€3.0bn in 9M-26, up 5.2% y/y).
Mail revenues stood at €461m down 4.0% y/y (€1.5bn in 9M-26, -3.1% y/y) and in line with guidance.
Parcel & Logistics revenues recorded 3.7% y/y growth to €436m (€1.3bn in 9M-26, +9.9% y/y), supported by market share gains across customer segments, repricing and contract logistics expansion.
In Q3-26, Parcel volumes remained stable (+0.1% y/y) at 87m items (265m items in 9M-26, +8.1% y/y); excluding the volumes from China, which were impacted by the recent duties applied by the EU, growth was significantly stronger, +11% y/y in Q3-26 and +16% y/y in 9M-26.
In Q3-26 the average parcel pricing rose by 4% y/y, and 1% y/y in 9M-26, reflecting business mix and ongoing contract repricing.
Parcels delivered by “Postini” accounted for 45% of total parcel volumes in Q3-26.
Q3-26 Distribution revenues were at €1.4bn, up 3.0% y/y (€4.4bn in 9M-26, +3.0% y/y), reflecting positive commercial trends.
Segment Adjusted EBIT was at €48m in Q3-26 (€101m in 9M-26), with performance remaining in line with FY-26 guidance.
