Q3 figures: Results in line with expectations in a challenging market
In the first three quarters of 2019, Swiss Post achieved a Group profit of 263 million francs, which is 54 million francs lower than in the previous year. The decisive factor behind this downturn are the challenging market conditions, resulting in a reduction in interest income at PostFinance of 129 million francs.
PostFinance campaign sees digital banking speak to customers and passers-by
Since the end of October, PostFinance has been focusing on its digital banking with a large-scale advertising campaign. It will run throughout Switzerland until 24 November. Various statements about digital banking appear on posters, flyers, online advertising, Postomat screens and the website as well as in branches, on social media, TV and WebTV, advertising PostFinance’s digital banking features that save time and are available at all times.
Limited availability of e-finance, e-trading and customer support on 19 and 20 October 2019
We are further enhancing e-finance, PostFinance TWINT and e-trading for you. On Saturday 19 and Sunday 20 October 2019, the e-finance and e-trading services will therefore only be available to a limited extent.
Bernadette Koch appointed as a new Member of the Board of Directors of PostFinance
The extraordinary PostFinance Ltd General Meeting has elected Bernadette Koch, who was nominated by the Swiss Post Ltd Board of Directors, as a new member of the PostFinance Ltd Board of Directors. She succeeds Marco Durrer, who has stood down from the Board of Directors. In Bernadette Koch, PostFinance is gaining someone with in-depth knowledge of the Swiss banking landscape and who has a broad, cross-sector network at her disposal.
Interim results for 2019: Swiss Post needs new sources of income
Lower interest income from PostFinance and continually falling letter volumes had an impact on Swiss Post figures in the first half of 2019. With a profit of 193 million francs, the Group’s earnings were 25 million francs lower year-on-year. The operating profit (EBIT) was also lower. Swiss Post Head of Finance, Alex Glanzmann, sees a need for action.
Quarterly result reflects challenges facing Swiss Post
Swiss Post generated a lower result in the first quarter of 2019 than in the prior-year period. At 130 million francs, Group profit was down 17 million francs year-on-year. At 172 million francs, operating profit (EBIT) was also 35 million lower than in the previous year.
LEND acquires Lendico and enters into partnership with PostFinance
PostFinance and Switzerlend AG − the parent company of the crowdlending platform LEND.ch − have agreed to enter into a close partnership: LEND will take over 100% of the PostFinance subsidiary Lendico Schweiz AG. In return, the financial service provider will acquire a participation in LEND and will bring its strong brand to the relationship.