Driven by declining revenue for mail, financial service and retail divisions, Swiss Post reported a 3.2% drop in group revenue for 2017. Profitability for the year was impacted by repayment of excess compensatory payments received by the PostBus division, although the group still reported an EBIT margin of 7.2% for the year. Swiss Post is looking to improve operating profitability to 2020, looking to cut operating costs in its corporate unit by 30%. For more details, download the IPC Carrier Intelligence Report for Swiss Post.
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