Swiss Post reports “good result in difficult environment”
Swiss Post has reported a profit of 516m francs for the first nine months of 2017, which was 50m francs up on last year.
Operating profit was also up – 106m francs higher at 699m francs.
However, Swiss Post pointed out: “The improved result was principally due to one-off effects at PostFinance. Pressure remains high on the core operating business.
“The volume of addressed letters decreased once again, while over-the-counter logistics products and payment transactions also suffered a further decline.”
In a statement issued yesterday (23 November), Swiss Post said that the decline in mail volumes and the ongoing low interest rate situation in the financial services market underline the need for the company to “push ahead with its transformation in order to remain competitive in the future and to be able to finance a high-quality universal service from its own resources”.