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Post President: We have paid every franc back

The Post has generated in the last year, 122 million Swiss francs, less the consolidated profit as of 2017. Reasons for the significantly lower income at Post

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Post President: We have paid every franc back

The Post has generated in the last year, 122 million Swiss francs, less the consolidated profit as of 2017. Reasons for the significantly lower income at Postfinance, as well as the repayments after the post-car affair.

The consolidated profit of the Post was 2018 at 405 million francs, as the group announced on Thursday at a media conference in Bern. The are 122 million less than in the previous year.

in Particular, the break-in at Postfinance clouded the balance sheet. The operating result fell from 549 to 220 million Swiss francs. The yield fell to 372 million in 1704 million Swiss francs.

the main reasons for the decline in one-time realization of gains from share sales in the previous year of CHF 109 million, as well as the market due to lower interest and dividend income, decreased to 155 million Swiss francs.

"Incredibly cumbersome restriction"

"That's a dramatic decline," said Postfinance CEO Hansruedi Köng in front of the media. Profitability and competitiveness of the post-ensure the Finance in the long term, should the credit and mortgage ban be lifted. "This is an incredibly cumbersome restriction".

"Yes, net income is lower than in the previous year" President Urs Schwaller result of the Post informed the group. (Video: Tamedia)

The Federal Council has made a direction decision, Detec and FDF are currently preparing a Consultation draft. The last word to the Parliament. Postfinance has high hopes of a share: The mortgage market in Switzerland is a thousand billion Swiss francs, gross and waxes a year to 30 to 40 billion, said king.

promise

In the case of Postbus the operating result of 2018 is kept of repayments embossed. The bottom line the company reported a loss of 58 million francs, representing a decrease of 77 million Swiss francs. The operating income was, however, to 29 million. This resulted from an Expansion of services and the passenger revenue increased.

In dealing with the post-car affair, have kept the Post up to their promises, said Chairman of the Board Urs Schwaller. "We have paid every franc on the Confederation, the cantons and municipalities." To the extent that it is the responsibility of the Post, to be completed in the matter. Still Running the criminal law investigation of the affair by the Fedpol.

strategic objectives on course

The Board of Directors is satisfied that all areas of the company, the post group claims with the exception of Postfinance and all in operating profit compared with the year-on-year increase, said Schwaller. The Post was on course with the strategic objectives of the owner, of the Covenant. "We will meet these goals." Despite the very turbulent moments in the Post always works.

Post-CEO-Ulrich Hurni spoke of a "positive balance over the Whole". The Post wanted Finance in the coming years to the public Service, the basic service yourself. "The world postal Association has awarded us for the second Time as the best Post in the world, which makes us particularly happy."

postal mail for the first time, with the largest contribution

post office mail operating profit of 388 million Swiss francs generated last year. In order for post mail exceeds the previous year's figure by CHF 18 million and provides for the first time, the largest contribution to the overall result, so far, Postfinance did this. The operating income fell to 114 million Swiss francs, as letter volumes and the number of subscribed Newspapers are declining.

Swiss Post Solutions generated in 2018 and an operating result of CHF 31 million. The operating result amounted to 6 million francs on the previous year and rising for five consecutive years. The operating income of 583 million Swiss francs was CHF 32 million higher than in the previous year.

Less letters, more E-Banking

the post office network could improve the operating profit of 65 million Swiss francs, and the Minus to 94 million Swiss francs lower. The operating income decreased compared to the previous year to 57 million Swiss francs and is 1045 million Swiss francs.

The decline in operating income is explained by the fact that the switch business, and with it, the letter volumes (-2 percent), as well as the payments due to E-Banking (6 percent) were again markedly smaller. In addition, the turnover of trade fell in the branches as a result of the streamlining of 36 million Swiss francs.

Postlogistics achieved in 2018, with operating profit of 145 million francs and amounted to 26 million Swiss francs year-on-year. The main reasons for the increase were the growth in parcel volumes by 6.7 percent, a value adjustment of assets in the previous year, as well as lower Rent and depreciation and amortization. The operating income amounted to 1678 million Swiss francs and was CHF 59 million over the previous year.

in addition to the larger volume of parcels, the increase was also attributable to acquisitions of companies. The operating expenses increased year-on-year to 33 million francs to 1533 million Swiss francs. (Dec/sda)

Created: 07.03.2019, 09:25 PM

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