Swiss Post has seen a group profit of CHF267 million for Q1 of 2017, up CHF75 million on the same period last year.

Swiss Post also say operating profit (EBIT) grow by CHF126 million to CHF333 million. This was largely down to capital gains from the sale of two equity portfolios at PostFinance. Swiss Post’s income was up by 2.7% to CHF2125 million.

“The result achieved in the first quarter shows that the efficiency measures we have introduced are taking effect, as is the further development of our services”, said Susanne Ruoff, Swiss Post CEO. “Despite the good start, the transformation of Swiss Post is still an ongoing, long-term task, as pressure on the Group units remains high due to structural changes in the market environment”.

PostMail operating profit was down 7m francs at 105m francs, and both the number of addressed letters and newspaper delivery volumes were down 1.9%.

PostLogistics operating profit was up 3m francs at 27m francs, mainly as a result of a 6.5% increase in parcel volumes. Operating income rose by 11m francs to 392m francs.
 
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