Positive quarterly results for Swiss Post
In the first quarter of 2007, Swiss Post generated Group profit of 281 million francs, up by 70 million francs year on year. The company is thus continuing its gratifying performance of recent years.
In the first three months of 2007, Swiss Post generated Group profit of 281 million francs (2006: 211 million francs). The increase was due to the favourable economic environment as well as to the sale of property, plant and equipment amounting to 48 million francs. Thanks to the positive result, consolidated equity increased to 1,885 million francs as at 31 March 2007, which is still below the industry-standard requirement.
Compared with the first quarter of 2006, operating income rose by 258 million francs to 2,185 million francs, partially as a result of acquisitions. At 76 million francs in total, investments were below level of Q1 2006 (85 million francs). The construction and fit-out of the three new letter centres accounted for most of the investment figure. Good results enable Swiss Post to finance these investments entirely from self-generated funds.
Key figures for the Group
|Key figure||Unit||Q1 2007||Q1 2006||Year 2006|
|Operating income||CHF million||2,185||1,927||7,895|
|Operating result1||CHF million||282||209||823|
|In % of operating income||%||12.9||10.8||10.4|
|Group profit||CHF million||281||211||837|
|Total assets||CHF million||54,325||50,185||55,600|
|Headcount at Swiss Post Group(excluding trainees)||FTEs3||43,260||40,900||42,178|
|Headcount at Swiss Post(excluding trainees)||FTEs3||33,561||36,091||35,326|
|Trainees in the Group||FTEs3||1,473||1,416||1,429|
1 Operating result corresponds to operating profit before consideration of non-operating financial result and taxes (EBIT).
2 Investment in tangible fixed assets, participations & intangible assets
3 Headcount in terms of full-time equivalents (FTE) = average workforce in full-time equivalents.