Strong parcels growth was offset by mail decline and the sale of logistics subsidiaries, resulting in a 1% drop in total revenue for 2020.

Excluding divestments, the post reported 1% revenue growth, driven by strong growth in e-commerce parcel volumes. Mail revenue fell by a fifth in 2020, driven by a 19% drop in addressed mail volumes. In Q3, the post implemented an alternate day delivery model for mail, contributing to lower staff costs and improved group profitability. For more details download the latest IPC Carrier Intelligence Report for Posten Norge.

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