Swiss Post International boosts sales and operating result

In the first half of 2011, Swiss Post International lifted sales by €3m over the previous year, generating a total of €303m. The Company, which issues its reports in Swiss francs, adjusted its previous year’s results to the latest euro exchange rates for the purpose of comparison. In exchange-rate adjusted terms, growth has been generated primarily by international subsidiaries and the acquisition of new firms, with most international Swiss Post subsidiaries achieving tangible sales increases compared with the previous year. Sales are still declining slightly in Switzerland.

As was the case with sales, the operating result also edged up to €22m. The operating margin rose to 7.3% (compared to 7.1% the previous year).

Nevertheless, as a result of extraordinary goodwill writedowns, the reported EBIT of €19m as of June 30, 2011 is below the previous year’s figure of €21m.

"Owing to the strong economic activity in the first half of 2011 and thanks to the consistent implementation of our global sales strategy, we can expect sales and results for fiscal 2011 to be up somewhat on the previous year", says Daniel Bättig, Head of International Mail. Swiss Post International is focusing on steadily expanding its industry solutions and increasing its presence in regional markets. "Our growth is based on our offerings as an innovative and international communications service provider. We partner our business customers and enable them to optimise the value add of their services and goods."

With a range of services aimed specifically at industry customers from the financial sector, distance selling, media/publishers and tourism, Swiss Post International is focusing on international growth markets.

It expects sales and the result for 2011 as a whole to be better than in the previous year.

Quelle: eyefortransport
Portal: www.logistik-express.com