Berne: the heart of the world’s postal service

Whether it’s a parcel from Asia or that letter from overseas: thanks to the Universal Postal Union the world’s international postal services are like a well-oiled machine. But the organization that pulls the strings behind the scenes is largely unknown. And it, too, is part of the reason today is World Post Day, which this year celebrates its 50th anniversary.

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“Finances are under pressure”

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.

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