Denmark and Sweden pitch in to support PostNord

Scandinavian postal operator PostNord has secured funding from the Danish and Swedish governments to support the universal postal service in both countries. The agreement between the three parties was signed on Friday.

SEK 1.533bn will be provided to PostNord by the Danish state, supporting the universal postal service. In addition there will be SEK267 made as an equity contribution from Denmark, and a further equity contribution of SEK400 million from Sweden.

“Digitalization has resulted in the need for a major transformation of the Danish business operations. We are therefore very pleased that the owners have come to an agreement regarding the financing of this and that the owners are united in their support for PostNord’s business activities. This means that we can now resume the transformation of the Danish operations with renewed vigor. Together with the amendments to the Swedish postal regulations that have been announced, this creates a good basis for the entire Group’s continued stability and strategic development,” said Chairman of the Board of PostNord, Jens Moberg.

“Once the transformation is complete, we will be able to maintain the universal postal service and have profitable letter-related activities, even with the small letter volumes that now exist in Denmark, and we will be a role model for postal services around the world that are experiencing the same trend with decreasing letter volumes.”
 
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