Austrian Post sees lower 2020 sales and earnings due to virus
Share:
(Reuters) - Austrian Post expects a decline in 2020 revenues and core profit as a weak performance in its letter mail business countered the gains from soaring parcel volumes in the first quarter, the company said on Thursday.The coronavirus pandemic boosted parcel revenues at postal companies worldwide as consumers confined to their homes turned to online shopping. But it hit freight volumes and accelerated the replacement of letter mail by electronic communications.Increasing parcel sales..