After a very encouraging first half of the year, Swiss Post’s result up to the end of the third quarter was less strong, as expected. The Group result (EBIT) stood at 345 million francs as at the end of September, up by 2 million on the figure for 2021. The quarterly result reflects lower letter and parcel volumes than in 2021, as well as the impact of key interest rate changes on PostFinance. At 288 million francs, Group profit was down by 82 million on 2021. This was mainly due to tax effects. Swiss Post offset lower income in its core market of logistics with income from other Group companies and subsidiaries.
Swiss Post’s result over the first nine months of 2022 was impacted by a challenging economic and geopolitical situation. This situation led to very high inflation and, as a response, two interest rate hikes by the Swiss National Bank (SNB). Various uncertainties, such as interruptions to global supply chains, also had an effect on the result. At the end of September, operating profit (EBIT) stood at 345 million francs, 2 million francs higher than in the previous year. Group profit came in at 288 million francs, 82 million francs lower than in 2021. However, this decrease was primarily due to tax effects. Operating income (revenue) stood at 5,074 million francs in the first nine months of 2022, which was 61 million francs above the previous year’s figure.