The Post has generated in the last year, 122 million Swiss francs, less the consolidated profit as of 2017. Reasons for the refunds after the post-car affair, and significantly lower income at Postfinance, according to Board President Urs Schwaller. “Yes, the result of the group is lower than in the previous year,” says Schwaller in Bern.
The consolidated profit of the Post was 2018 at 405 million francs, as the group announced on Thursday. The are 122 million less than in the previous year. In particular, the break-in at Postfinance clouded the balance sheet. The operating results of post Finance dropped from 549 to 220 million Swiss francs. The yield fell to 372 million to around 1.7 billion Swiss francs.
promise
In the case of Postbus the operating result of 2018 is kept of repayments embossed. The bottom line the company reported a loss of 58 million francs, representing a decrease of 77 million Swiss francs. The operating income was, however, to 29 million. This resulted from an Expansion of services and the passenger revenue increased.
In dealing with the post-car affair, have kept the Post up to their promises, said Schwaller on Thursday in Bern in front of the media. To the extent that it is the responsibility of the Post, completed the “difficult Chapter”. Still Running the criminal law investigation of the affair.
The Board of Directors is satisfied that all of the companies have claimed areas of the Swiss post group, with the exception of Postfinance and the good results delivered, said Schwaller. The Post was on course with the strategic objectives of the owner, of the Covenant. “We meet these goals,” he said. Despite the very turbulent moments in the Post always works. The postmail, Swiss Post Solutions and post logistics succeeded in increasing its operating result compared with the previous year, all.
Postfinance is planning job cuts
The post Finance has not suffered 2018: The operating profit of 220 million francs even half as high as in the previous year with a total of 549 million Swiss francs. The operating revenue of the Austrian Post subsidiary decreased to 372 million Swiss francs 1.7 billion.
the main reasons for the decline in one-time realization had gains from share sales in the previous year of CHF 109 million, as well as the market due to 155 million francs in interest and dividend income, told the Post on Thursday. The financial institution gets the low interest rates to be felt especially strongly, since it is not allowed to grant loans and thus not able to do.
the post Finance have initiated a range of measures to counteract the decline in earnings, it was said in the Communiqué. So the Institute in mid-2018, has announced that by 2020 up to 500 full-time to dismantle. In addition, it wants to focus more on the digitization and noninterest sources of income open up. This will not be enough to compensate for the declining revenues in the rates business, so the Post.
Falls prohibition of the credit?
it relies on the fact that the credit ban. The Federal Council has already made plans to be known. However, he joins in order to resistance. So also the Swiss national Bank warned that, in the case of an occurrence of Postfinance in the Swiss mortgage market and risks to financial stability could be threatened. The repeal of the credit ban was the key factor to ensure the profitability and the competitiveness of postal Finance in the long term, stressed the Post now.
The break-ins at the Bank and subsidiary have, together with the incidents around to post the car on the result of the yellow giant pressed. So, the net profit of the Post fell to 122 million francs to still 405 million Swiss francs. The operating profit fell to 217 million to 501 million Swiss francs. (Dec/sda)
Created: 07.03.2019, 09:25 PM
