Swiss Post sees Q1 profits rise
Swiss Post generated a Group profit of CHF 274m for Q1 2010, up CHF 76m up on the first quarter of the previous year. This represents an increase of 38%. This positive trend can be attributed primarily to the growth in new customers and customer deposits at PostFinance and greater parcel volumes, said the company.
Almost all units contributed to the positive Group result.
Compared with 2009, operating income rose by CHF 55m to CHF 2,23bn. Lower letter volumes and prices resulted in a decline in turnover in logistics services. In contrast, improved net interest income led to increased earnings in the field of financial services.
Investments, which totalled 53m and were once again entirely funded from the Group’s own resources, were slightly down on the same period last year.
|
Key figures for the Group |
Unit |
Q1 2010 |
Q1 2009 |
2009 |
| Operating income | CHF m | 2,227 | 2,172 | 8,558 |
| Operating result1 | CHF m | 276 | 199 | 721 |
| As % of operating income | % | 12.4 | 9,2 | 8,4 |
| Group profit | CHF m | 274 | 198 | 728 |
| Total assets | CHF m | 88,573 | 81,019 | 84,676 |
| Equity | CHF m | 3,846 | 3,028 | 3,534 |
| Investments2 | CHF m | 53 | 70 | 431 |
| Employees at Swiss Post Group (excluding trainees) | FTEs3 | 45,211 | 44,815 | 44,803 |
| Trainees at Swiss Post Group | FTEs3 | 1,922 | 1,683 | 1,756 |
1 Operating result corresponds to profit before non-operating financial result and taxes (EBIT).
2 Investment in tangible fixed assets, participations & intangible assets
3 Average expressed in terms of full-time equivalents
Selected key figures for segments (31 March 2010)
|
Group units |
Operating income (CHF m) |
Operating result (CHF m)1 |
| PostMail2 | 680 | 67 |
| PostLogistics2 | 377 | 42 |
| Swiss Post International2 | 205 | 15 |
| Swiss Post Solutions | 161 | -1 |
| Post Offices & Sales2 | 459 | -24 |
| PostFinance | 572 | 131 |
| PostBus4 | 171 | 10 |
| Other5 | 255 | 36 |
Selected key figures for segments (31 March 2009)
|
Group units |
Operating income (CHF m) |
Operating result (CHF m)1 |
| PostMail2 | 739 | 81 |
| PostLogistics2 | 367 | 8 |
| Swiss Post International2, 3 | 241 | 16 |
| Swiss Post Solutions | 168 | -2 |
| Post Offices & Sales2 | 349 | -35 |
| PostFinance | 516 | 87 |
| PostBus4 | 157 | 12 |
| Other5 | 247 | 32 |
