Services of General Interest (Including Postal setion)
Services of General Interest (Including Postal setion)
Read MoreTag: Norway
Partnership in Scandinavia – Time:matters and Jetpak
Partnership in Scandinavia – Time:matters and Jetpak
Read MoreSound Nordic growth for Norway Post
Norway Post is today presenting its financial statements for the first quarter 2007, which show that its total operating revenue rose by 17.1 per cent to NOK 6 720 million.
The Group’s earnings before taxes (EBIT) came to NOK 841 million, compared to NOK 349 million for the first quarter last year. The earnings were affected by a gain of NOK 623 million on the sale of property at Biskop Gunnerus gate 14B (Norway Post’s Letter-sorting Centre). EBIT margin for the first quarter – including this sale – was 12.5 per cent, compared to 6.1 per cent for the equivalent period last year.
After taking account of non-recurring effects, the earnings before tax came to NOK 219 million, a reduction of NOK 133 million compared to the first quarter 2006. This decline is mainly due to increased costs relating to quality, service, the start-up of CityMail in Denmark and human resources.
The growth in Norway Post’s revenue was mainly due to acquisitions and a high level of activity in industry. Norway Post bought three Swedish companies during the quarter: ErgoGroup bought SYSteam AB, an IT service provider, while Posten Norge bought Transflex AB, a transport and logistics company, and Customer:View AB, which provides individualised customer communication services.
Read MoreThe Danish Post’s and Norwegian Post’s joint company delivered best result ever in 2006
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
Tradimus fortifies Logistic World Alliance Network
Tradimus fortifies Logistic World Alliance Network
Read MorePost & Parcel Magazine
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