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.
Articles for Executive Management & BoD
At 405 million francs, Swiss Post again generated a profit in 2018. This is despite the negative interest rate situation at PostFinance, the steady decline in letter mail and the turbulent year at PostBus. In an interview on the annual result, Alex Glanzmann, Head of Finance at Swiss Post, praises the company’s employees. But he also indicates where the challenges facing Swiss Post lie in the future.
Chairman of the Board of Directors Urs Schwaller answers key questions on the repayment procedure and the next steps in making a fresh start at PostBus.