Turnaround for Citimail
Profit for the CityMail Group after financial items and capital gains of SEK93.5 amounted to MSEK 54.0 (MSEK -23.8).
During the third quarter, the profit amounted to MSEK 0.2 million. The new core business, City Mail International, more than doubled its turnover and reported invoicing during the first nine months in the amount of MSEK 40.4. The operating margin for the third quarter was 11.1 percent. In 2000, the CityMail Group underwent a fundamental restructuring. The CitiMail Groups previous core business, CityMail Sweden was sold to a new company, CityMail Sweden AB. The company is 67% owned by Royal Mail and 33 per cent owned by the CitiMail Group.
