January 30, 2015 5:09 AM ET

Air Freight and Logistics

Company Overview of Posten Norge AS

Company Overview

Posten Norge AS, together with its subsidiaries, develops and delivers solutions in postal, communications, and logistics services in Norway and Internationally. The company operates in two segments, Mail and Logistics. The Mail segment engages in the production and distribution of letters and mail advertising and services, as well as provides online postcard service that enables images to be sent digitally. It also offers digital mail service, banking, parcel delivery, and customer dialogue service. This segment offers its products and services to private and business customers under the Posten, bring, and Digipost brands. The Logistics segment consists of the Logistics Norway division, Log...

PO Box 1500

Sentrum

Oslo,  0001

Norway

Founded in 1647

17,721 Employees

Phone:

47 23 14 90 00

Key Executives for Posten Norge AS

Chief Executive Officer and President
Age: 57
Chief Financial Officer and Senior Vice President
Age: 51
Executive Vice President of Mail Division
Age: 48
Executive Vice President of Logistics Division
Age: 58
Head of Information Technology and Managing Director of Ergogroup AS
Age: 53
Compensation as of Fiscal Year 2014.

Posten Norge AS Key Developments

Posten Norge AS Reports Unaudited Group and Parent Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Announces Impairment Write-Down of Group Goodwill for the Third Quarter of 2014

Posten Norge AS reported unaudited group and parent earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, on group basis, the company's operating revenues were NOK 5,809 million compared to NOK 5,619 million a year ago. EBITDA was NOK 408 million compared to NOK 460 million a year ago. EBIT - Earnings before interest and taxes was NOK 200 million compared to NOK 310 million a year ago. Income before taxes was NOK 188 million compared to NOK 272 million a year ago. Net income was NOK 122 million compared to NOK 376 million a year ago. For the nine months, on group basis, the company's operating revenues were NOK 17,852 million compared to NOK 17,121 million a year ago. EBITDA was NOK 1,109 million compared to NOK 1,061 million a year ago. EBIT - Earnings before interest and taxes was NOK 424 million compared to NOK 355 million a year ago. Income before taxes was NOK 367 million compared to NOK 306 million a year ago. Net income was NOK 214 million compared to NOK 361 million a year ago. Net cash flow from operating activities was NOK 758 million compared to NOK 419 million a year ago. Investments in tangible assets/IT development/subsidiaries etc. was NOK 970 million compared to NOK 485 million a year ago. Return on equity (before tax) was 11.4% compared to 8.7% a year ago. Return on equity (after tax) was 6.1% compared to 9.4% a year ago. The operating profit before non-recurring items and write-downs (EBITE) increased by 4.4% to NOK 520 million. The higher profit is due to increased revenues and acquisitions as well as a positive effect from reorganisations and cost-cutting measures. For the quarter, on parent basis, the company's operating revenues were NOK 2,871 million compared to NOK 2,973 million a year ago. EBITDA was NOK 214 million compared to NOK 302 million a year ago. EBIT - Earnings before interest and taxes was NOK 101 million compared to NOK 186 million a year ago. Income before taxes was NOK 173 million compared to NOK 119 million a year ago. Net income was NOK 125 million compared to NOK 228 million a year ago. For the nine months, on parent basis, the company's operating revenues were NOK 9,146 million compared to NOK 9,248 million a year ago. EBITDA was NOK 751 million compared to NOK 798 million a year ago. EBIT - Earnings before interest and taxes was NOK 424 million compared to NOK 462 million a year ago. Income before taxes was NOK 551 million compared to NOK 349 million a year ago. Net income was NOK 400 million compared to NOK 386 million a year ago. Net cash flow from operating activities was NOK 490 million compared to NOK 612 million a year ago. Investments in tangible assets/IT development/subsidiaries etc. was NOK 687 million compared to NOK 204 million a year ago. In addition, the result was negatively affected by a NOK 145 million impairment write-down of group goodwill related to the Logistics segment.

Posten Norge AS Reports Unaudited Earnings Results for the Second Quarter and First Half Ended June 30, 2014

Posten Norge AS reported unaudited earnings results for the second quarter and first half ended June 30, 2014. For the quarter, the company reported operating revenues of NOK 3,100 million against NOK 3,153 million for the same period a year ago. EBITDA was NOK 231 million against NOK 228 million for the same period a year ago. EBIT before non-recurring items and write-downs were NOK 118 million against NOK 118 million for the same period a year ago. EBIT was NOK 128 million against NOK 118 million for the same period a year ago. Income before taxes was NOK 154 million against NOK 131 million for the same period a year ago. Net income was NOK 115 million against NOK 87 million for the same period a year ago. For the first half, the company reported operating revenues of NOK 6,275 million against NOK 6,276 million for the same period a year ago. EBITDA was NOK 537 million against NOK 496 million for the same period a year ago. EBIT before non-recurring items and write-downs were NOK 313 million against NOK 276 million for the same period a year ago. EBIT was NOK 324 million against NOK 276 million for the same period a year ago. Income before taxes was NOK 379 million against NOK 231 million for the same period a year ago. Net income was NOK 275 million against NOK 158 million for the same period a year ago. Net cash used in operating activities was NOK 363 million against net cash flow from operating activities of NOK 85 million for the same period a year ago.

Posten Norge AS Reports Earnings Results for the First Quarter of 2014

Posten Norge AS reported earnings results for the first quarter of 2014. For the quarter, the company reported operating revenues came to NOK 6,072 million, which is a 6% increase compared to first quarter of 2013. The operating profit before non-recurring items and write-downs was NOK 191 million, which is 30.8% higher than at the same time last year.

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