Swiss Post earned a profit of 193 million francs up to mid-2019, 25 million francs lower than in the prior-year period. The operating profit (EBIT) of 269 million francs was also down, falling by 19 million francs in comparison to the first half of 2018. The lower interest income achieved by PostFinance and falling letter volumes are putting Swiss Post’s result under further pressure. Alex Glanzmann, Head of Finance at Swiss Post, provides details on the interim result in a short video interview.
Author Archives for Masha Foursova
Swiss Post’s branch network, which employs 5,500 staff, is to be transformed into a modern organization: the networking of the extensive experience of these employees at the customer front will be improved and the scope for entrepreneurial freedom at the grassroots level strengthened. Teams will be created that will work at several branches in a district, where they will be responsible for all Swiss Post access points. As a result of the new team organization, the management structure will also be adapted. Positions will be filled starting in May 2019 at the earliest. The new team organization will have no impact on the number of branches in the postal network.
It’s that time of year again and Santa Claus has his work cut out. Before the holidays he answers thousands of children’s letters. Swiss Post will support him wholeheartedly again this year and delight young letter writers with a small surprise.