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