As expected, 2023 remains a financially challenging year for Swiss Post: up until the end of September 2023, it had generated an operating profit (EBIT) of 208 million francs, which is 137 million francs less than the previous year’s figure. Profit amounts to 145 million francs, 142 million francs below the previous year’s level. The result reflects the challenging market environment and the accelerated trend towards digitization. Swiss Post is confident that the turnaround in interest rates and its consistent implementation of the “Swiss Post of tomorrow” strategy will have a positive impact on the result as early as 2024.
Subdued consumer confidence, the advancement of digitization and inflation continue to weigh on Swiss Post’s result. At 208 million francs, operating profit at the end of September was 137 million francs below the previous year’s figure. Alex Glanzmann, CFO at Swiss Post, explains: “The result is in line with expectations. It reflects the challenging operating framework.” Profit fell by 142 million to 145 million francs. The sale of the subsidiary Swiss Post Solutions, which had a positive impact on profit in the previous year, remains a key factor here. Operating income as at 30 September 2023 came in at 5,285 billion francs – that is 4.2 percent, or 211 million francs, more than in the same period of the previous year.