Background
Quarterly result reflects challenges facing Swiss Post
Swiss Post generated a lower result in the first quarter of 2019 than in the previous year. At 130 million francs, Group profit was down 17 million francs year-on-year. Operating profit (EBIT) also decreased by 35 million francs to 172 million francs.
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Swiss Post still has a solid financial basis. However, the challenges facing the company are reflected in its operating profit of 172 million francs (-35 million francs in 2018). The reasons for this are:
- falling letter volumes,
- pressure on prices and margins in the logistics sector and
- the persistently low interest rates in the financial services market.
The financial services market suffered a decline compared to the previous year due to lower interest income. Globally speaking, the previous year’s figures were maintained in the communication and logistics market. This was due partly to efficiency measures and partly to rising parcel volumes. The result is also on a par with the previous year’s level in the passenger transport market. Operating income declined by 60 million francs from 1,996 million francs to 1,936 million francs, a fall of 3 percent on the previous year.
More information on the business units and an overview of key figures can be found in our press release.