Swiss Post Group profit for 2022 down 157 million francs compared to 2021
In 2022, Swiss Post generated Group profit of 295 million francs and an operating profit (EBIT) of 358 million francs. The result is down on the previous year, which was strong, but it further reinforces Swiss Post’s balance sheet.
With the fallout from the pandemic and the war in Ukraine, the year was marked by a number of unexpected factors that had an adverse impact both globally and on Swiss Post’s business. At the halfway point in the strategy period, it is clear that Swiss Post’s strategy is working: the company is in a sound position and ready for a very challenging 2023. Swiss Post intends to consistently pursue its chosen path to ensure that it continues to meet the needs of people and companies in Switzerland.
At 358 million francs, Swiss Post’s operating profit (EBIT) is 157 million francs down on the previous year’s figure. Group profit for 2022 is 295 million francs, a decline of 157 million francs compared to 2021. With the war in Ukraine in particular, the year 2022 brought a number of unexpected factors that had a strong impact on Swiss Post. Additional costs due to record-high inflation, lower income as a result of the turnaround in interest rates and declining letter and parcel volumes weighed on Swiss Post’s business. At the same time, however, a positive free cash flow was also generated in 2022, and this flows into Swiss Post’s balance sheet and increases its liquidity. As a result, Swiss Post’s balance sheet is healthier now than before the coronavirus crisis.
In light of these factors, Swiss Post CEO Roberto Cirillo is satisfied with company’s result: “Swiss Post has fared well in a very challenging year. Given the volatile global and economic situation, last year was particularly challenging for us – for the staff at our branches, at the parcel and letter centers, for our staff on delivery rounds and on Postbuses, and not least for our management. We’re satisfied that our balance sheet is so healthy and that our strategy has put Swiss Post on a long-term path to stabilization.”
hristian Levrat, Chairman of the Board of Directors of Swiss Post, underlines the point: “Swiss Post today is in good shape to get to grips with the challenges of the future. As a public service company, Swiss Post ensures competitiveness and quality of life in Switzerland. And we want to keep it that way. With its strategy, Swiss Post has established a stable foundation that is resilient in the long term, giving policymakers time to set the course for its future development after 2030.”
