* Q2 EBIT up 5.2 pct to 40.6 mln eur vs Reuters poll avg
* Revenue 573.5 mln eur vs poll avg 571 mln
* Keeps 2014 outlook for higher revenue, goal of higher EBIT
(Adds quotes and background)
VIENNA, Aug 14 Operating profit at Austrian Post
rose 5.2 percent in the second quarter, beating
analysts' estimates, thanks to strict cost discipline and a
revenue boost in its mail business from absentee ballots cast in
European Parliament elections.
Earnings before interest and tax (EBIT) rose to 40.6 million
euros ($54.2 million) on slightly higher sales of 573.5 million,
the company said on Thursday.
Analysts polled by Reuters had expected EBIT to rise 2.3
percent to 39.5 million euros on steady sales.
Chief Executive Georg Poelzl reiterated the outlook for
stable revenue and stuck to the group's goal for higher
operating profit this year.
"In order to further cement our market leadership in our
core business, we are continually expanding our self-service
solutions and online services such as the new Post App. However,
we will also exploit opportunities in growth markets and are
currently testing the future field of food logistics", he said.
Operating profit had fallen 2.6 percent in the first quarter
as revenue dipped from a year-ago quarter that was boosted by
Austrian elections mailings, the company said in May.
Post is counting on higher parcel revenue to compensate for
a decrease in mail due to substitution by electronic media.
The company had said in March it targeted stable revenues, a
core profit margin of 10-12 percent and improved operating
profit this year.
($1 = 0.7486 euro)
(Reporting by Michael Shields; Editing by Miral Fahmy and