Swiss Post got off to a good start in the first half of 2021, and in its new strategy period, with Group profit of 247 million francs. It generated 217 million francs more profit in the first six months of the year than in the prior-year period. At 3,630 million francs, operating income was more than seven percent higher than in the first half of 2020. The improved result is mainly due to rising parcel volumes. A further factor is the direct comparison with the first-half results from 2020, which were severely affected by the coronavirus lockdown. A good financial basis and profits are important for Swiss Post because they allow the company to finance the investments required without taxpayers’ money. This will enable it to continue to finance the nationwide universal service from its own resources in future. The encouraging result shows that Swiss Post has recovered following a challenging 2020 thanks to the huge flexibility and commitment shown by all staff.
The trend from the first quarter continued, with Swiss Post’s interim results improving year-on-year. In the first six months of 2021, Swiss Post generated operating income of 3,630 million francs, an increase of 7.2 percent compared to the first half of 2020. Operating profit (EBIT) stood at 249 million francs, up 188 million francs year-on-year. With Group profit of 247 million francs, Swiss Post’s profit is up 217 million francs over the previous year's figure. Looking back to 2019 – the year before the pandemic – the result is stabilizing.
This is an indication of the future viability of the direction that Swiss Post has taken with its new strategy. It wants to continue to provide the people and businesses of Switzerland with modern postal services and finance a high-quality public service from its own resources. “Swiss Post has started the new strategy period with a healthy balance sheet and a solid financial basis. The positive interim results are a good sign and show that we are heading in the right direction. However, it is also clear that the coronavirus pandemic had a major impact on the previous year’s result. This means any direct comparison with the previous year should be treated with caution,” says Alex Glanzmann, Head of Finance at Swiss Post.