Posten Norge international revenues increasing

Norway’s Posten Norge has announced that its results for the first half of 2016 show that group revenues are doing well, though an increasing share of its business in H1 has now come from its business outside of Norway.

The Norwegian postal operator has released a statement today saying that for H1 in 2016, operating revenues were NOK 12.406 million. The adjusted result (EBIT) was NOK221 million, a fall of NOK93 million compared to H1 of 2015.

Posten Norge Group’s operations outside of Norway however saw operating revenues of NOK4.706 million in H1 of 2016, which was 11.2% higher than in the same period of 2015. This means that for the Group, revenues outside of Norway amounted to 37.9% of its total revenues compared to 34.1% in 2015.

With Posten Norge’s future collaboration between Bring and Danske Fragtmænd focusing on further improving the distribution of international goods in and out of Denmark, it is likely that there will be a trend for greater revenues coming from abroad in future.

Posten Norge added: “Private e-commerce continued to grow. The Group’s total e-commerce volume increased by 11 % in the first six months of this year. E-commerce from abroad had the strongest growth.”

More parcels, less post is the story for postal operators everywhere, including Posten Norgen. “In the first half-year, the volume of addressed mail decreased by 10.6 % in Norway as a result of increased digitalisation,” said Posten Norge. “The most significant decline was in bank and financing, which declined by 21 %, and the public-sector which declined by 13 %. In the first half-year of 2016, the result for A-mail delivered overnight was 87.4 %, which is 2.4 percentage points better than the licence requirement.”