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Good performance for Swiss Post
In the first three quarters of 2007, Swiss Post generated Group profit of 699 million Swiss francs. This is an increase of 98 million francs year-on-year. Almost all units contributed to the good result, albeit to varying degrees.
In the first nine months of 2007, Swiss Post beat the previous year's result by 16.3%. As at 30 September 2007 Group profit came to CHF 699 million (2006: CHF 601 million). Almost all segments at Swiss Post contributed to the profit, albeit to varying degrees.
Compared with 2006, operating income rose by CHF 675 million (11.9%) to CHF 6,334 million. PostFinance, PostLogistics, Swiss Post International and New Business (MailSource and GHP Group) contributed to the growth in earnings. The share of New Business in the operating income rose from 3.1% to 7%. The effect of acquisitions on operating income amounted to 249 million francs. At CHF 415 million, investments, which mainly went into the new letter centres, were generally above the previous year’s level (CHF 318 million) and were completely financed by Swiss Post’s own funds.
Key figures for the Group
| Key figure | Unit | 2007 (1st-3rd quarters) | 2006(1st-3rd quarters) | Whole of 2006 |
|---|---|---|---|---|
| Operating income | CHF million | 6'334 | 5'659 | 7'895 |
| Operating result1 | CHF million | 687 | 594 | 823 |
| as a % of operating income | % | 10,8% | 10,5% | 10,4% |
| Group profit | CHF million | 699 | 601 | 837 |
| Total assets | CHF million | 54'863 | 50'940 | 55'600 |
| Equity | CHF million | 2'288 | 1'383 | 1'605 |
| Investments2 | CHF million | 415 | 318 | 540 |
| Headcount at Swiss Post Group(excluding trainees) | Full-time equivalents | 43'316 | 41'463 | 42'178 |
| Headcount at Swiss Post(excluding trainees) | Full-time equivalents | 33'444 | 35'546 | 35'326 |
| Trainees at Swiss Post Group | Full-time equivalents | 1'495 | 1'424 | 1'429 |
1 Operating result corresponds to operating profit before consideration of non-operating financial result and taxes (EBIT).
2 Investment in tangible fixed assets, participations & intangible assets
Segment information (30 September 2007)
| Segment | Operating income (CHF m) | Operating result (Mio CHF) | Headcount4 |
|---|---|---|---|
| PostMail | 1'987 | 184 | 14'598 |
| PostLogistics | 825 | 54 | 5'130 |
| PostFinance | 1'398 | 241 | 2'676 |
| PostBus1 | 434 | 27 | 1'516 |
| Swiss Post International | 823 | 28 | 1'112 |
| Post Office Network | 277 | -39 | 10'997 |
| New Business2 | 433 | 15 | 4'984 |
| Other3 | 157 | 177 | 2'303 |
| Group | 6'334 | 687 | 43'316 |
Segment information (30 September 2006)
| Segment | Operating income (CHF m) | Operating result (Mio CHF) | Headcount4 |
|---|---|---|---|
| PostMail | 1'977 | 264 | 15'189 |
| PostLogistics | 774 | 73 | 5'138 |
| PostFinance | 1'152 | 188 | 2'519 |
| PostBus1 | 429 | 29 | 1'494 |
| Swiss Post International | 776 | 37 | 966 |
| Post Office Network | 260 | -98 | 11'478 |
| New Business2 | 178 | 7 | 2'320 |
| Other3 | 113 | 94 | 2'359 |
| Group | 5'659 | 594 | 41'463 |
1 The PostBus segment is subject to the Railways Act (EBG). This provides for separate accounting regulations for franchised transport businesses (REVO). Results prepared in accordance with REVO and IFRS differ considerably.
2 Includes the MailSource and the GHP Group.
3 Includes service and management units such as Real Estate, Information Technology and Philately.
4 Average expressed in terms of full-time equivalents (excl. trainees).
