Group revenue fell 5.2% in 2022, largely due to the sale of Posten Norge’s subsidiary Frigoscandia at the end of 2021. Organic revenue growth was 4.5% year-on-year.
Addressed mail volumes fell 11% in 2022, partially offset by a 9.5% increase in unaddressed mail and Norgespakken. The post reports that it has witnessed a loss of 50% of mail volumes in the five-year period 2017- 2022.
Parcel volumes grew 7% on average in 2022, although volumes tapered off at the end of the year. Driven by high inflation and increased uncertainty in the global economic situation, parcel revenues suffered in Q4. The 5-year rate of increase in parcel volumes reached 137% in 2022.
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