Good performance for Swiss Post
In the first three quarters of 2007, Swiss Post generated Group profit of 699 million Swiss francs. This is an increase of 98 million francs year-on-year. Almost all units contributed to the good result, albeit to varying degrees.
In the first nine months of 2007, Swiss Post beat the previous year’s result by 16.3 pct. As at 30 September 2007 Group profit came to CHF 699 million (2006: CHF 601 million). Almost all segments at Swiss Post contributed to the profit, albeit to varying degrees.
Compared with 2006, operating income rose by CHF 675 million (11.9%) to CHF 6,334 million. PostFinance, PostLogistics, Swiss Post International and New Business (MailSource and GHP Group) contributed to the growth in earnings. The share of New Business in the operating income rose from 3.1% to 7%. The effect of acquisitions on operating income amounted to 249 million francs. At CHF 415 million, investments, which mainly went into the new letter centres, were generally above the previous year’s level (CHF 318 million) and were completely financed by Swiss Post’s own funds.
