Swiss Post expects record profits for 2007
Swiss Post has recorded its highest profit ever for the financial year 2007 and expects a further increase this year, according to CEO Ulrich.
The net profit for last year would amount to more than CHF 900 million (EUR 549.34 million), surpassing the record profit of CHF 837 million (EUR 510.88) in 2006, he told the Swiss newspaper “Sonntag” in an interview. The exact figure is not available yet.
This record profit was due to booming business activities, especially in the mail and finance sectors, he pointed out. The parcel and express sectors also recorded positive results as well as international business activities, which amounted to 18% of turnover.
Gygi said he expects the results to improve further if Swiss Post can maintain its mail monopoly up to 100 grams until 2011.
In addition, Gygi announced his retirement in 2009. He took up the post as Swiss Post CEO in mid-2000 and initially planned to stay in the position for eight years. But Gygi said he had decided to wait until the opening of the new mail centres during 2009 in which Swiss Post has invested CHF 1.3 billion (EUR 791.89 million).
