Swiss Post in good shape
Swiss Post generated a group profit of CHF 295 million and an ebit of CHF 358 million in 2022, which was CHF 157 million down from 2021. The biggest contribution to the result was made by logistics services and by Postfinance. It's a reasonable achievement, in view of the challenging environment during the past years.
Persistently high inflation, increased fuel and energy costs and higher procurement costs for operating and construction materials led to significantly higher costs at this unit last year.
Both parcel and letter volumes fell by around 4% compared to the previous year. The decline in parcel volumes is a reflection of subdued and highly volatile consumer confidence, amongst other factors, which has fallen appreciably since the outbreak of the war in Ukraine, as people order fewer goods online. (pm)