Iceland Post reported flat revenue development in 2019, despite seeing monopoly mail volumes fall sharply for the second consecutive year.

After recording an operating loss in 2018, Iceland Post also reported negative EBIT for 2019, although losses for the year were largely driven by restructuring costs as the post looked to turn around performance. As well as cutting its workforce by more than 10%, the post moved to new headquarters and divested subsidiaries to increase cost efficiency and increase focus on core operations. For more details download the latest IPC Carrier Intelligence Report for Iceland Post.

 

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