Posten Norge profits up
Posten Norge has reported that its profits for both mail and logistics increased in the first half (Q1) of 2017. in both its mail and logistics segments. Despite falling mail volumes, adjusted profit (EBITE) was up 12% at NOK247m. Revenue was down slightly at NOK12,153m.
In a statement sent to Post&Parcel today (25 August), Tone Wille, CEO of Posten Norge, said: “The Group is committed to increasing profitability, through operational measures and organisational adjustments. This spring we have made several critical decisions and established a new service organisation that will ensure a clear customer focus. In addition, we are reducing costs in operations and administrative functions. We see that the measures we are implementing are already producing results.”
Posten Norge said that new logistics centres will be completed in Trondheim and Oslo this fall.
“In the future our new logistics network will consist of 18 joint terminals for parcels and freight in Norway. This means cutting in half the number of terminals we previously had and paves the way for significantly improving efficiency in the logistics operation. These investments will help strengthen Posten Norge and Bring’s competitiveness and provide customers with an even better service offering,” said Wille.
Posten Norge added that logistics operations in Sweden and Denmark showed markedly improved profitability due to strong growth in consumer e-commerce and increased home delivery, as well as the phasing out of unprofitable activities in Sweden.
