Swiss Post’s financial results for the first half of the year are well below the previous year’s level. While revenue (operating revenue) is only slightly lower than in the first half of the previous year, operating profit of 118 million francs is down 29 percent compared to the same period last year. As expected, Group profit is also well below the figure for the first half of 2024 at 74 million francs (–44 percent). “Swiss Post continues to be on a sound financial footing and is capable of financing the universal service and its services from its own resources. However, the structural challenges in the core business and the associated costs are clearly reflected in the results”, says Björn Walker, interim Head of Finance at Swiss Post.
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“We’re acting now to ensure we can continue to offer Switzerland added value in the future”
In the first six months of 2025, Swiss Post generated operating profit (EBIT) of 118 million francs. This result is in line with expectations, but well below the previous year’s level. The main reasons for this are the continuing decline in letter volumes, newspapers and over-the-counter transactions, coupled with rising costs. Swiss Post remains financially sound despite the challenging environment, although it also needs to adapt to new market conditions: it is continuing to develop its services in line with real customer requirements and is proactively implementing efficiency measures. In doing so, it wants to remain relevant for people and companies in Switzerland, and ensure it can provide the Swiss universal service from its own resources without taxpayers’ money in future.
Swiss Post customers are increasingly using Swiss Post’s digital services
In the first six months of the year, the parcel market in Switzerland saw growth for the first time in three years, and Swiss Post’s parcel volumes increased by 3.4 percent year-on-year. Over the same period, letter volumes fell by a further 4.9 percent. Despite this, Swiss Post customers are increasingly using Swiss Post’s digital services, with the Post-App’s increase in downloads an example of this. Whereas there were only 2 million downloads in 2019, this figure had doubled by 2024 and stood at 4.4 million at the end of that year. To date, the app has been downloaded 4.7 million times. Performance in areas such as the digital advertising market and digitized public services was also positive. PostBus recorded a 2.8 percent increase in passenger numbers, with over 95 million passengers in the same period. Thanks to modern products and customer-oriented services, Swiss Post is ensuring it can make everyday life easier for companies, institutions and the public with its physical and digital services. Alex Glanzmann, interim CEO, says: “That’s precisely why we are adopting a proactive approach. We’re developing a modern public service that meets the real needs of people in Switzerland. We’re acting now to ensure we can continue to offer Switzerland added value in the future.”
Swiss Post is constantly working on its efficiency and capacity to deliver a universal service without taxpayers’ money
At the same time, Swiss Post is optimizing its internal structures and continually working to improve their efficiency. Besides these measures, regular and market-driven price adjustments are required to ensure that Swiss Post can continue to develop in line with customer needs and fulfil the universal service obligation on behalf of the Confederation to the highest quality – self-financed, without taxpayers’ money. Price increases and efficiency measures two pillars of Swiss Post’s strategy, with such measures being implemented since 2021. The focus is on the changing needs of private customers and SMEs. For this reason, Swiss Post is planning to realign the central units of the PostalNetwork unit from 2026. As part of the reorganization, a maximum of 100 terminations and 20 changes may be made. Swiss Post strives to implement these measures in the most socially responsible way possible. Final decisions will follow once the consultation process has been completed at the end of September. The two other pillars – growth & development and sustainability – are also vital to Swiss Post’s future. However, it is clear that the economic pressure on the universal postal service is continuing to increase.
Entrepreneurial freedom remains key to a modern universal service
The universal service obligation currently costs Swiss Post around The link will open in a new window 370 million francs (in German). As customers send fewer letters, the same fixed costs are spread over fewer letters. In other words, sending individual letters is becoming increasingly expensive for Swiss Post. To ensure that the universal service remains sustainable in the future, regulatory provisions are needed that enable long-term innovation, allow realistic adjustments to changing customer behaviour and continue to ensure sufficient entrepreneurial freedom. Current postal legislation dates back to a time when smartphones were not nearly as widespread. What matters is the level of service provided to Swiss Post’s customers and that people in Switzerland have access to reliable Swiss Post services. Whether on the app or at the counter: Swiss Post aims to provide reliable communication and logistics infrastructure – both now and in the future. The key points on the revision of the Postal Services Act recently presented by the Federal Council and the ordinance amendment are an important step towards creating a modern regulatory framework.
PostFinance interim results
PostFinance generated an operating profit of 135 million francs in the first half of 2025, up 40 million francs compared to the previous year. Operating revenue fell by 181 million francs to 814 million francs. The Swiss National Bank’s recent interest rate cut to 0.00 percent is having a negative impact on expectations for future interest income. PostFinance is responding to this challenging situation with the new 2025–2028 strategy, and is aiming to achieve moderate growth. It is focusing on optimizing customer experiences as well as developing investment products and retirement planning advice.
Group key figures | Unit | 2024 | First half of 2024 | First half of 2025 |
---|---|---|---|---|
Group key figures Operating revenue |
Unit CHF million |
2024 7,639 |
First half of 2024 3,802 |
First half of 2025 3,615 |
Group key figures Operating profit (EBIT) |
Unit CHF million |
2024 414 |
First half of 2024 166 |
First half of 2025 118 |
Group key figures Group profit |
Unit CHF million |
2024 335 |
First half of 2024 131 |
First half of 2025 74 |
Group key figures Bilanzsumme |
Unit CHF million |
2024 112,055 |
First half of 2024 109,383 |
First half of 2025 114,003 |
Group key figures Equity |
Unit CHF million |
2024 10,631 |
First half of 2024 10,446 |
First half of 2025 10,838 |
Group key figures Investments |
Unit CHF million |
2024 614 |
First half of 2024 220 |
First half of 2025 178 |
Group key figures Headcount at Swiss Post Group |
Unit FTEs |
2024 35,106 |
First half of 2024 34,944 |
First half of 2025 35,478 |
PostFinance Ltd key figures | Unit | 2024 | First half of 2024 | First half of 2025 |
---|---|---|---|---|
PostFinance Ltd key figures Customer assets |
Unit CHF million |
2024 106,642 |
First half of 2024 104,003 |
First half of 2025 107,736 |
PostFinance Ltd key figures Growth in customer assets |
Unit CHF million |
2024 2,571 |
First half of 2024 –68 |
First half of 2025 1,094 |
PostFinance Ltd key figures Non-interest-sensitive customer assets |
Unit CHF million |
2024 20,265 |
First half of 2024 19,585 |
First half of 2025 21,231 |
PostFinance Ltd key figures Mortgages |
Unit CHF million |
2024 6,175 |
First half of 2024 6,115 |
First half of 2025 6,269 |
PostFinance Ltd key figures Headcount |
Unit FTEs |
2024 3,486 |
First half of 2024 3,448 |
First half of 2025 3,519 |
Selected key figures per segment
Operating revenue (CHF million) | First half of 2024 | First half of 2025 |
---|---|---|
Operating revenue (CHF million) Logistics Services |
First half of 2024 2,172 |
First half of 2025 2 088 |
Operating revenue (CHF million) Digital Services |
First half of 2024 82 |
First half of 2025 144 |
Operating revenue (CHF million) PostalNetwork |
First half of 2024 265 |
First half of 2025 296 |
Operating revenue (CHF million) Mobility Services |
First half of 2024 570 |
First half of 2025 577 |
Operating revenue (CHF million) PostFinance |
First half of 2024 995 |
First half of 2025 814 |
Operating profit (CHF million) | First half of 2024 | First half of 2025 |
---|---|---|
Operating profit (CHF million) Logistics Services |
First half of 2024 220 |
First half of 2025 123 |
Operating profit (CHF million) Digital Services |
First half of 2024 -37 |
First half of 2025 –29 |
Operating profit (CHF million) PostalNetwork |
First half of 2024 -57 |
First half of 2025 –59 |
Operating profit (CHF million) Mobility Services |
First half of 2024 17 |
First half of 2025 6 |
Operating profit (CHF million) PostFinance |
First half of 2024 95 |
First half of 2025 135 |