Sweden’s Posten AB intends to take up business operations on the Australian letter market in conjunction with the UPS subsidiary Mailboxes Etc. (MBE). Last week saw the announcement of a co-operation between Direct Link, a subsidiary specialising in international mail, and MBE.
Read MoreLetter price, performance, no of items, employees and size of network.
Covers: Belgium / Denmark / Finland / France / Germany / Greece / Republic of Ireland / Italy / Luxembourg / Netherlands / Portugal / Sweden / UK /
P:LibraryPostalPostComm Formal DocumentsInternational comparisons Oct03.pdf
Sweden Post interim Annual Report – Jan-Sept 03
Key highlights:
Net sales totaled SEK17,954m (17,314).
P:LIBRARYPostalAnnual ReportsSweden Post interim Jan-Sept03.pdf
After-tax earnings totaled SEK-401m (356), including provisions totaling SEK-429m. Reversed provisions totaling SEK916m were included in the same period last year.
Measures for which provisions are earmarked will provide annual cost savings of SEK325m, of which SEK225m will be achieved already by 2004.
Adjusted operating earnings were SEK-147m (-425) including a provision of SEK-149m (0). hird-quarter adjusted operating earnings totaled SEK151m.
Cash flow before financing activities amounted to SEK-868m. Negative third-quarter cash flow of SEK-479m is seasonal and entirely attributable to vacation liabilities.
TeliaSonera and the Swedish Post Office (Posten) have signed a deal according to which TeliaSonera will take over Posten’s CA business – the Posten unit that issues certificates for electronic identity. TeliaSonera will become the main issuer of electronic identities in Sweden.
Read MorePosten Sverige’s corporate management team has been reduced from 18 to 6 members. In a move to streamline the organizational structure, business operations will be aligned into two divisions, Market and Production and Logistics. Three incumbents will join the new, leaner management team. Bo Friberg will serve as Chief Financial Officer and Treasurer; Ingemar Persson, executive vice president, will lead Human Resources; and Inger Holmström will be in charge of Corporate Communications.
Elisabeth Ström, whose previous positions include executive vice president of Kooperativa Förbundet and FöreningsSparbanken, has been named executive vice president and interim deputy chief executive officer in charge of the Market division.
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