Tag: Sweden Post

Posten has made a cash offer to the shareholders of Strålfors to acquire the entire outstanding share capital. Strålfors’ Board of Directors has unanimously recommended the Offer. Marianne Nivert, Chairman of the Board of Posten, comments the Offer: “The acquisition provides both companies with a strategic operational platform for growth and development on a market characterised by increased competition and globalisation. The ability to develop electronic and physical flows of messages also strengthens Posten’s ability to successfully fulfil its important public service assignment.”

Net sales totaled SEK 25,277m (25,120)
Operating earnings totaled SEK 1,281m (1,115). Last year’s operating earnings included capital gains of SEK 206m
After-tax earnings totaled SEK 1,478m (1,297)
Equity-assets ratio was 33 percent (25)
Cash flows from operating activities totaled SEK 2,251m (1,753)

Swedish national post office Posten AB plans to close down 26 post offices in the first quarter of 2006, it was reported on January 19, 2006. The closures are part of an ongoing restructuring of Posten’s operations, which will be completed by April 1, 2006. The move will affect 15 employees but the company will try to avoid layoffs. Under the reorganisation, the company will convert some 360 post centres across Sweden into corporate service centres as of April 1, 2006. Posten’s private clients will be redirected to its representative offices.

Net sales totaled SEK 18,285m (18,215)
– Operating earnings totaled SEK 942m (784). Last year’s operating earnings included capital
gains of SEK 206m
– After-tax earnings totaled SEK 939m (884). Last year’s figure included a positive tax effect of
SEK 163m resulting from an accounting change
– Equity-assets ratio was 30 percent (24)
– Cash flows from operating activities totaled SEK 1,023m (557)