Lower interest income and lower demand for addressed mail and periodicals offset parcels and information service growth for Swiss Post in 2019.

Total revenue fell 1.2% year on year, while the post also saw its EBIT margin drop to 6.3%, driven by increasing competition and challenging financial market conditions. However, Swiss Post continues to record profitable growth for its PostLogistics and Swiss Post Solutions divisions. To support increased parcel demand, the post will open its final three regional parcel sorting centres in 2020. For more details download the latest IPC Carrier Intelligence Report for Swiss Post.

 

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