(lpag) ‘Liechtensteinische Post AG’, the postal administration of Liechtenstein, has been able to present once again – after several difficult years – a successful financial result. Despite a decline in sales of 1.3%, various efficiency measures have resulted in a positive outcome of 2.23 million Swiss Francs. Risks that have burdened the company in the past years have now been eliminated. Other risks are essentially reduced to future changes in the postal environment.
Despite the good business results, the fundamental challenges remain unchanged. The areas of universal service are facing major challenges. The decline in sales in the strategically important mail business continued in the past year. Although this decline was partly offset by optimizing logistics and the almost unchanged turnover in philately, the situation remains difficult. The strong pressure on the market prices will not lead to any relief, even if the increasing gains in the parcel section are taken in account. Therefore, a further drop in sales is expected for the coming years. This development will have a negative impact on the future result.
Source: AIJP News