Swiss Post’s interim results reflect challenging conditions – strategic course set for the future
In the first six months of 2023, Swiss Post generated operating profit (EBIT) of 165 million francs, down 129 million francs year-on-year. Profit amounts to 118 million francs, 141 million francs below the figure for the first half of 2022. The declining volumes in letters, parcels and over-the-counter transactions continue to have an impact on Swiss Post’s result. Despite the turnaround in the first quarter, net interest income also remains below the previous year’s figure. The interim result reflects the current extremely challenging operating framework. However, Swiss Post is confident that the turnaround in interest rates and our consistent implementation of the “Swiss Post of tomorrow” strategy will have a positive impact on the result as early as 2024.
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