The group’s financial arm, PostFinance, recorded a CHF272 million result, up from CHF162 million in 2020. This was achieved despite a fall in customer numbers, the amount of money they held at PostFinance and the continued negative interest rate environment.
The postal service is seeing a decline in the number of letters being delivered but a rise in the volume of parcels. It is also facing increasing competition from digital communication services.
Managers have mooted plans to revamp the group by 2030, including a doubling of its parcel sorting infrastructure. A more contentious proposal is to limit letter deliveries to just three days a week.
Unless changes are implemented, the Post Office would have to rely on public subsidies to exist from 2028, CEO Roberto Cirillo said earlier this month.
On Thursday, the group said that CHF4 billion will be invested into various initiatives by the end of 2024.
The Post office traditional bus service ended 2021 CHF18 million in the black, but this was only achieved through government subsidies during the Covid-19 pandemic.
Ecological status of Swiss streams insufficient according to study
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Pesticide use and obstructions of waterways have a particularly negative impact on sensitive organisms, completely absent in 70% of streams analysed.
Train line between Brig and Domodossola interrupted
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One day after a derailment approximately 15 kilometres from the Swiss border, BLS is running buses for passengers between Preglia and Domodossola, in Italy.
Swiss football boss wants crackdown on individual hooligans
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The head of the Swiss Football League says he prefers a harsher approach to individual hooligans rather than collective punishment measures affecting all fans.
Amherd: Council of Europe is ‘as urgently needed as ever’
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The Swiss government emphasised on Sunday the vital role of the Strasbourg-based Council of Europe, 75 years after it was founded.
Swiss minister: Italy will back Switzerland in EU talks
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Bern can count on the backing of Italy as it re-enters talks with the European Union on future relations, Viola Amherd says.
Student protestors at University of Lausanne continue pro-Palestine sit-in
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Since Thursday, a hall on campus has been occupied by students calling for a boycott of Israeli academic institutions and a ceasefire in Gaza.
Demand for crypto stamp crashes post office’s online shop
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The launch of Swiss Post’s first “crypto” stamp has met with such high demand that the online shop was overwhelmed for several hours.
Swiss postal bank turns up digital dazzle to arrest declining fortunes
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The financial arm of the Swiss post office is offering clients access to cryptocurrencies and the chance to buy fractions of company shares.
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