EU reforms on track
EU reforms in the postal sector are well on track, but some Member States need to speed up their transition towards full market opening and to remove remaining barriers to competition.
Read MoreTag: Sweden
Review of the Year: Global slowdown hits express industry in 2008
After a good start to 2008, the international express industry has been hit by a dramatic decline in recent months as the economic environment has worsened. This ‘Review of the Year’ looks at how the market leaders have developed during 2008 and how they are responding to the slowdown in business.
Read MoreLogistics and ICT ensure growth in Norway Post
Acquisitions and an increase in volume in the Logistics and ICT segments led to the operating revenues for the first three quarters of 2008 increasing by 7 percent compared to the same period in 2007. The total operating revenues came to NOK 20.8 billion.
The combined operating revenues increased by NOK 1.4 billion, of which acquired companies contributed MNOK 721 (53 percent) while the Group’s organic growth contributed MNOK 679 (47 percent).
The Group’s earnings before non-recurring items and impairment losses (EBITE) as at 30 September 2008 came to MNOK 345, a reduction from the MNOK 414 on the same date in 2007. This reduction is mainly due to lower volumes of mail advertising and banking transactions, a change in the mix of letter products, increased personnel and transport costs and the investment in the new brand. The EBIT from logistics and ICT operations increased.
”The Group’s ICT and Logistics segments have grown and their earnings have increased, while the Post segment is affected by a decline in volume and increased personnel and transport costs which cannot be compensated for by corresponding increases in the revenues,” says Group CEO Dag Mejdell.
1 USD = 7.17428 NOK
Read MoreTNT switches Stockholm flights (Sweden)
TNT Express has switched flights from its European air hub at Liege to Stockholm from the city’s main airport, Arlanda, to the smaller Vasteras airport in order to improve its logistics operations.
TNT Sweden said that since August 21 it has been operating five weekly flights between Liege and Vasteras with a B757, with capacity for up to 35 tonnes. The new route replaces the previous one to Stockholm Arlanda with a stopover at Orebro. Vasteras lies mid-way between the Swedish capital and Orebro.
TNT also said that in future it will fly five times a week to Riga with a SAAB 340.
TNT Sweden, with some 400 employees, carried about 2.6 million shipments and generated revenues of SEK 878 million (EUR 92 million) in 2006, according to information on its website.
Read MoreCountry sheet: Sweden – Main developments in the postal sector (2006-2008)
Country sheet: Sweden – Main developments in the postal sector (2006-2008)
Read MorePost & Parcel Magazine
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.