Swiss Post International continues success in cross-border business
Swiss Post achieved excellent results again in 2007. With group profit of 909 million Swiss francs (EUR 551 million), it beat the previous year’s figure by 72 million (EUR 44 million). Operating income rose by over 800 million francs (EUR 485 million) to 8,712 million (EUR 5,280 million). The international division, Swiss Post International, increased its operating income by 6 per cent to 1,145 million francs (EUR 694 million) and contributed 34 million francs (EUR 20.6 million) to the overall group profit.
Operating exclusively in the mail, parcel and express business, Swiss Post International (SPI) increased its revenue again in 2007. Having exceeded the billion mark in revenue the previous year, it achieved a further rise of 6 per cent in the last year to 1,145 million francs (EUR 694 million).
In the last year, SPI has been driving forward the expansion of its international network, which included the opening of a sales agency in Denmark at the end of March 2007. In October 2007, SPI became privileged sales partner of the German Hermes Logistics Group (HLG) for international B2C traffic in the European markets. Previously, SPI sold 30 per cent of its shareholding in Italian parcel and logistics company, Swiss Post Porta a Porta, to HLG. At the beginning of 2008, SPI also acquired the Swedish letter processor, IMS Europe AB, strengthening its position as a provider in the Swedish postal market. To strengthen its customs expertise, SPI took over FM Verzollungs AG in Basel on 1.1 2007.
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