Tag: Norway Post

The Danish Post’s and Norwegian Post’s joint company delivered best result ever in 2006

Posted by | May 2, 2007 | |

High activity on the logistic market is one of main the reasons behind Pan Nordic Logistics’ all time high result in 2006. The result before tax is SEK 42.0 million compared to SEK 12.8 million last year.

PNL (Pan Nordic Logistic), is jointly owned by Post Danmark and Norway Post. PNL’s turnover was SEK 1.3 million in 2006, and therefore PNL has contributed positively to Post Denmark’s and Norway Post’s income.

Profitable growth
– I am more than pleased with the result for 2006. It shows that PNL’s strategy for profitable growth in the parcel market is carried out. PNL has grown, and the basis for additional growth) in 2007 couldn’t be better, says CEO Benny Rhe Hansen.

10 million parcels in the Nordic countries
The strategy for 2006 has been highly successful. By continuously developing products and services PNL has increased its position on the Nordic market. PNL distributes ten million parcels every year to customers throughout the Nordic countries. Altogether PNL has more than 3,400 pickup and delivery points through its owners’ distribution network.

Import to the Nordics
PNL has also been successful when it comes to import from Europe. In only three years the turnover from Europe has increased by 70 percent. The reputation of PNL as an expert parcel distributor in the Nordic countries has reached the European customers and consequently PNL expects a strong growth of import parcels into the Nordic market

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Norway Post to buy Sweden’s Transflex Group

Posted by | Mar 12, 2007 | |

Norway Post has entered into a contract to buy all the shares in Transflex, a Swedish transport and logistics group. This acquisition will strengthen the position of Norway Post and Nor-Cargo in the Nordic region and within the field of international land transport.

The purchase of Transflex is part of the Norway Post Group’s strategy of expanding within the Nordic region. This transaction emphasizes Norway Post’s ambition of getting a foothold in Sweden and becoming one of the four largest logistics companies in the Nordic region.

Transflex was established in 1998 and has operations in Halmstad, Gothenburg, Stockholm, Jönköping and Linköping. It has 75 employees and achieved revenue of SEK 417 million in 2006. Transflex has grown dramatically since its formation and is one of this industry’s most profitable and well-run players.

The Transflex Group will become a part of Norway Post’s logistics network in Sweden together with refrigerated-transport company Frigoscandia, courier and express delivery company Box and Nor-Cargo’s Swedish operations. The acquisition of Transflex will strengthen Norway Post’s and Nor-Cargo’s
opportunities to establish a strong international network based in Southern Sweden.

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Norway Post too slow

Posted by | Dec 29, 2006 | |

A test of Norway’s postal service Posten revealed that their service falls far short of requirements.

Posten’s license conditions demand that they deliver 85 percent of all post by the day after a letter is sent. A recent test of 342 letters showed that the company only manages to get half of letters sent to their destination on time, newspaper Nationen reports.

The newspaper’s test found that one of the letters went missing, one took a week to arrive, and only half made it to their target in Norway the next day.

The Posten’s information chief Robert Morberg had no excuses to offer.

“We apologize. This is not how it is supposed to be,” Morberg said.

Morberg said that the results were due to problems with changes resulting from the company having gone over to using their own freight planes, and that ongoing measures were steadily improving results.

Nationen carried out the test using 19 persons, a combination of mayors and associates of the newspaper, sending 19 letters to each other. Northern counties Finnmark and Nordland had the worst delivery record, with Askim and Oslo posting the best results.

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ErgoGroup buys SYSteam

Posted by | Dec 18, 2006 | |

Norway Post-owned ErgoGroup has today signed a contract to buy more than 90% of the shares in SYSteam’s operations in Sweden, Norway, Finland and Denmark. The remaining shareholders will receive an offer to sell their shares in the company to ErgoGroup. The total purchase price will be MSEK 1,100
SYSteam is the biggest IT company in Sweden’s SME market and the combined SYSteam/ErgoGroup will be a clear market leader as an IT service provider to the Nordic SME market.

SYSteam is owned by Bure Equity AS, which holds 46.2% of the shares, and by three founders (Arne Nilsson, Claes Rosengren and Stig-Olof Simonsson) who hold a total of 43.8% of the shares. The approximately 350 employees own the remaining 10%. Following negotiations with SYSteam’s main shareholders, ErgoGroup has bought more than 90% of the shares and hereby announces that it will make the mandatory offer to buy the remaining shares in the company. ErgoGroup thus wishes to acquire all of SYSteam’s operations in Sweden, Norway, Finland and Denmark with effect from 1 January 2007. The value of this transaction is MSEK 1,100.

The operations that are now being taken over by ErgoGroup comprise a portfolio of around 3,800 customers, are expected to achieve revenues of MSEK 1,400 in 2006 and have around 1,030 employees in around 50 offices in the Nordic region.

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Profitable growth for Norway Post

Posted by | Oct 30, 2006 | |

Norway Post’s operating revenues have grown by 19 per cent to NOK 17,009 million as of 30 September 2006. The earnings before income and taxes (EBIT) came to NOK 839 million, NOK 156 million less than at the same time last year as a result of the termination of government procurements and a reduction in revenues from banking services.
”The results show that we are following our strategy of achieving profitable growth in the Nordic region. Norway Post is further developing its operations in the fields of mail, logistics and ICT in the Nordic region in order to compensate for the decline in A-priority and B-economy post and banking transactions,” says Group CEO Dag Mejdell of Posten Norge AS.

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