Tag: Post Denmark

In the first half of 2008, Post Danmark achieved a profit before tax of DKK 616 million compared with DKK 355 million in the same period last year.

The profit performance for the half-year was somewhat better than expected. Income rose nearly 2 per cent, while expenses were almost 1.5 per cent below last year’s level. The fall in expenses resulted from, among other things, a downward adjustment of DKK 126 million made in relation to the Group’s pension adjustment obligation, reflecting the effect of a gradually later age of Post Danmark employees when they retire. Lastly, the financial statements showed an increase in income from the Belgian postal company De Post – La Poste.

The financial statements were affected positively by the fact that it has been possible for Post Danmark to implement staff reductions due, among other things, to the major changes made in the distribution structure of the company. Changes that also equip Post Danmark for future challenges of a heated labour market.

Post Danmark’s expectations for the full year of 2008 are maintained. Thus, profit before tax is expected to be somewhat higher than in 2007. 1 USD = 5.15895 DKK