PostNord CEO says group is “now on the right path” after “unsatisfactory” 2014
Speaking at PostNord’s Annual General Meeting (AGM) today, President and CEO Håkan Ericsson said that while 2014 had been “unsatisfactory” the company is “now on the right path, with the right organization and a faster tempo and a total focus on its strategic priorities”. As reported by PostandParcel in February, PostNord saw a significant drop in profits in 2014. Overall, PostNord’s revenue for the year grew just 1% to SEK 39.95bn (EUR 4.2bn), but net income dropped 42% to SEK 176m (EUR 18.4m).
Ericsson told the AGM today that that 2014 had been “an eventful year of challenges and change”, as the group “carried out major reorganization programmes, a new country-based organization was implemented and a clearer strategy was introduced with the aim of establishing the right conditions for building a sustainable, stronger and better integrated PostNord under a common brand”.
However, added Ericsson: “The Group reported an unsatisfactory result for the year, and this was the reason for the decision not to pay a dividend.”
The group still intends to achieve the long-term financial targets adopted at last year’s AGM.
In other business, Jens Moberg was re-elected Chairman of the Board. The AGM re-elected Board members Mats Abrahamsson, Gunnel Duveblad, Christian Ellegaard, Sisse Fjelsted Rasmussen, Torben Janholt, Magnus Skåninger and Anitra Steen.
The AGM also re-elected auditing firm KPMG AB as auditor for the period until the end of the next Annual General Meeting.
