At 504 million francs, normalized operating profit (EBIT) was up slightly year-on-year (previous year: 472 million francs). This increase is principally due to solid income on the financial and investment markets despite the ongoing low interest rate situation, as well as to good cost management.

In the first six months of 2015, Swiss Post achieved Group profit normalized to take account of one-off items of 391 million francs, which represents an increase of 21 million francs (previous year: 370 million francs). At 504 million francs, normalized operating profit (EBIT) is 32 million francs up on the previous year’s figure (472 million francs). The improved result is principally due to solid income on the financial and investment markets, which offset lower interest income, as well as to good cost management. Operating income remained stable at 4,100 million francs. This represents a decline of 1 percent from the previous year’s figure (4,142 million francs).

Markets make varying contributions to operating profit

The financial services market’s normalized contribution to the result proved higher than in the first half of the previous year, whereas the contributions from the other markets declined. In the communication market, Swiss Post recorded a normalized operating profit (EBIT) of 137 million francs (previous year: 154 million francs). The decline in income at PostMail and Post Offices & Sales caused by lower volumes could not be offset, despite a reduction in expenses in all the units within this market. The decline in volumes of addressed letters decreased to 0.7 percent year-on-year. The volume of unaddressed items fell by 1.1 percent. Swiss Post Solutions’ result remained stable.

In the logistics market, Swiss Post recorded a normalized operating profit (EBIT) of 65 million francs, virtually on a par with the previous year’s level (66 million francs). Declines in sales in small consignment transport and warehousing, combined with lower income in the fuel business, were almost fully offset by higher parcel volumes and optimization of operating expenses. Parcel volumes increased by 2.2 percent year-on-year.

In the passenger transport market, Swiss Post recorded a normalized operating profit (EBIT) of 19 million francs (previous year: 25 million francs). A decline in revenue in Liechtenstein and the translation effect – the conversion of accounts managed in foreign currencies into the Group’s reporting currency – could not be fully offset by additional services in Switzerland. Operating expenses increased slightly year-on-year. The number of kilometres covered by PostBus increased by 0.9 percent.

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Source: Swiss Post