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August 03, 2015 11:47 PM ET

Air Freight and Logistics

Company Overview of Posten Norge AS

Company Overview

Posten Norge AS develops and delivers solutions in postal, communications, and logistics services in Norway and internationally. The company operates through two segments, Mail and Logistics. The Mail segment distributes mail, advertising, newspapers, and small goods, as well as digital mail; and offers letter products, and banking and dialogue services. It offers services through a network of post offices and Post in Shops for the business and private markets. The Logistics segment operates parcel and freight terminals; and transports mail, parcels, and freight in the Nordic countries, the United Kingdom, the Netherlands, and Hong Kong. It also provides food logistics, warehousing, groupage...

Biskop Gunnerus`gate 14

Oslo,  0001

Norway

Founded in 1647

17,687 Employees

Key Executives for Posten Norge AS

Chief Executive Officer and President
Age: 58
Chief Financial Officer and Senior Vice President
Age: 52
Executive Vice President of Mail Division
Age: 49
Executive Vice President of Logistics Division
Age: 59
Executive Vice President of E-Commerce Division
Age: 56
Compensation as of Fiscal Year 2015.

Posten Norge AS Key Developments

Posten Norge AS Proposes Dividend for 2014; Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015

Posten Norge AS announced that the board of directors has proposed that a dividend of NOK 225 million is to be paid from the profits for 2014 and that remaining profits is transferred to other equity. The proposed dividend is equivalent to 50% of the group's net income. The company reported unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported operating revenues of NOK 6,288 million against NOK 6,072 million for the same period a year ago. EBITDA was NOK 437 million against NOK 385 million for the same period a year ago. EBIT before non-recurring items and write-downs were NOK 231 million against NOK 191 million for the same period a year ago. EBIT was NOK 482 million against NOK 220 million for the same period a year ago. Income before taxes was NOK 456 million against NOK 192 million for the same period a year ago. Net income was NOK 399 million against NOK 142 million for the same period a year ago. Net cash flow from operational activities NOK 316 million against NOK 228 million a year ago. Investments in tangible assets were NOK 196 million against NOK 226 million a year ago. Return on equity (after tax) was 11.1% against 9.4% a year ago. The group had net interest-bearing debt of NOK 0 million (interest-bearing liabilities minus cash and cash equivalents) as of March 31, 2015, compared to NOK 1,458 million at December 31, 2014.

Posten Norge AS, Q1 2015 Earnings Call, May 28, 2015

Posten Norge AS, Q1 2015 Earnings Call, May 28, 2015

Posten Norge AS, 2014 Earnings Call, Mar 27, 2015

Posten Norge AS, 2014 Earnings Call, Mar 27, 2015

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