PostNord’s like-for-like net sales decreased by 3%, mainly through a continued major decline in the Group’s mail volumes of 9% overall, 6% in Sweden and 19% in Denmark. To a certain degree, this is being offset by continuingly buoyant growth in e-commerce. Volumes of B2C parcels increased by around 16%, driven mainly by the growth in e-commerce. Adjusted operating income totaled SEK 500m (927). The decline arose mostly through the impact of the sharply falling mail volumes in Denmark that we were unable to offset through sufficient adjustment on the cost side. Business area e-Commerce & Logistics accounted for approximately 75% of net income. Items affecting comparability, SEK –1,583m (–363) net, for the full year consisted primarily of impairment losses applied to goodwill related to the Danish business and certain assets associated with the mail business in Denmark.
