Swiss post profit drops the reorganization plan ahead of the implementation of

In the first half of 2012 profit fell 17%, Swiss Post recently planned 2013 according to the new postal law will group restructuring for state-owned Public Limited Company.
At present, the Swiss postal system for public institutions, program restructuring from three subsidiaries of the Public Limited Company, including the operation of the domestic mail and parcel service postal company limited, engaged in financial business of Postal Finance Limited and regional public transport operators in PostBus company.
The first half of 2012, Swiss post net profit fell 17% to 459000000 Swiss francs; operating profit in the same period last year to 550000000 Swiss francs to 448000000 Swiss francs; turnover last year, 4300000000 Swiss francs; operating profit rate from 12.8% to 10%.
Although Switzerland four postal service market performance significantly, but have a positive performance. The mail service, post office and the value-added service of communication department business income from 2370000000 Swiss francs to 2420000000 Swiss francs, but operating profit from 75000000 Swiss francs fell to 61000000 Swiss francs, profit is the main reason for the decline of higher welfare spending on postal mail adversely affecting the performance.
The Swiss postal business operating profit of 112000000 Swiss francs, and last year is 142000000 Swiss francs; the site has letters decreased by 1.8%, but no address mail volume due to complete acquisition of DMC group and rose 47%. This data does not contain the Swiss postal department. The Department has been incorporated into the French postal new joint venture Asendia.
Due to cost saving initiatives, the Swiss post office network business income of 828000000 Swiss francs, losses to 53000000 Swiss francs. Solutions Department operating profit is low, 2000000 Swiss francs; income and on year keep balance, 276000000 Swiss francs.
Due to the high cost of sending a service and the new IT system investment, postal logistics business operating profit slightly to 73000000 Swiss francs. German import package processing business recovery and network traffic growth impetus, parcel traffic volume rose 4.4%; income from the first half of 2011 737000000 Swiss Franc rose to 761000000 Swiss francs.
Postal finance business is still the main group profit point of growth, operating profit is 295000000 Swiss francs, in 2011 compared to 330000000 Swiss francs down 10.6%. Passenger transport market, PostBus company profit is relatively stable, 18000000 Swiss francs, turnover of 377000000 Swiss francs.
Looking to the future, Swiss post is expected in 2012 the overall performance of the company steadily, but could not go beyond the 2011 904000000 Swiss francs net profit.
At the same time, Swiss post also announced the new postal law passed after the reorganization plan for more details. The new structure will rise from January 1, 2013, and the new law is expected since the second quarter of 2013 effect.
Mail, post office, postal logistics and sales departments, solutions division will be reorganized into the Swiss Postal Company Limited, and the postal financial sector will be abide by the Swiss financial market rules of the Independent Company, and will be a banking license.
MYEX Fujian Asia International Express
2012-12-19