Driven by a 4.8% increase for its logistics division, Posten Norge recorded 1.7% organic revenue growth in 2018.

However, largely because of the sale of its Swedish mail subsidiary in Q1, the operator saw total revenue fall 3.2% in the year. Falling revenue and profitability were also driven by accelerating mail volume declines, with the operator unable to offset lower mail earnings through productivity improvements in its logistics division. It will complete its joint parcels and logistics terminal network in 2020, which will boost group profitability. Additionally, the operator expects alternate-day mail delivery to take effect from mid-2020. For more details download the latest IPC Carrier Intelligence Report for Posten Norge.

 

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