In the first half of 2022, Swiss Post generated a profit of 259 million francs, up 12 million francs on the first six months of 2021. At 294 million francs, operating profit was up 55 million francs compared to the previous year’s figure, while revenue stood at 3,460 million francs, up 104 million francs year-on-year. Overall, the results are better than in the first half of 2021. They have enabled Swiss Post to strengthen its financial foundation, and prepare it for the challenges of the months ahead. The sharp rise in prices for energy, fuel and raw materials and the marked increase in inflation are leading to significantly higher costs at Swiss Post – particularly in logistics.
Swiss Post can look back on a financially positive first semester. With the second quarter of 2022 now behind it, profit, operating profit (EBIT) and revenue (operating income) are better than in the first half of the previous year. “The interim results are in line with our expectations, Swiss Post is on track strategically and financially,” says Alex Glanzmann, Chief Financial Officer of Swiss Post. “We have established a solid financial foundation over recent years, and consolidated it during the first half of 2022. Swiss Post is well placed to meet the challenges of the months ahead”, Glanzmann adds. The economic environment is particularly challenging, with the sharp rise in inflation, record high prices for energy, fuel and raw materials, potential supply bottlenecks for essential goods, a tense geopolitical situation with the war in Ukraine and subdued consumer confidence, all of which are having an impact on operations at Swiss Post.