Categories: Market

142 million franc drop: Big drop in post office’s profits

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Parcel station in Bern: 2023 will continue to be a financially challenging year for the postal service. (archive image)

But advancing digitalization is also playing a role, the Post announced Tuesday. As of the end of September, it achieved operating profit (EBIT) of 208 million francs (-137 million francs).

The operating result in the logistics business was 201 million francs (-77 million francs). Demand for all major product groups fell. The decrease was 6.6 percent in letters, 8.5 percent in unaddressed advertising mail and 5.1 percent in parcels.

The decline in letter and package volume was also noticed in Postnetz’s box office business. Postnetz’s result worsened by 16 million francs, as counterpayments fell by 19.6 percent at the same time. (SDA)

Source :Blick

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