October 23, 2016 8:30 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 company distributes letters and advertising– bespoke solutions or basic distribution services; provides freight transport by road, rail, air, or sea; and offers warehousing solutions for various products, whether these involve large volumes, bulk storage, or individual pallets. It also provides express and courier services; temperature-controlled logistics services; fourth-party logistics solutions; and digital, banking, and dialogue services. In addition, the company offers services through a netwo...

Biskop Gunnerusgate 14 A

Oslo,  0001


Founded in 1647

17,457 Employees

Key Executives for Posten Norge AS

Chief Executive Officer and President
Age: 59
Chief Financial Officer and Senior Vice President
Age: 53
Executive Vice President of Mail Division
Age: 50
Executive Vice President of Logistics Division
Age: 60
Executive Vice President of E-Commerce Division
Age: 57
Compensation as of Fiscal Year 2016.

Posten Norge AS Key Developments

Posten Norge Signs 15-041 Freight Agreement for Internet Shopping

Posten Norge signed awarded 15-041 Freight agreement for Internet shopping. Future deliveries are divided and comprise: delivery to door; delivery via local delivery locations, nationwide.

Posten Norge AS Reports Unaudited Earnings Results for the Second Quarter and First Half Ended June 30, 2016

Posten Norge AS reported unaudited earnings results for the second quarter and first half ended June 30, 2016. For the quarter, the company reported operating revenues of NOK 6,208 million against NOK 6,120 million for the same period a year ago. EBITDA was NOK 380 million against NOK 281 million for the same period a year ago. EBIT was NOK 258 million against LBIT of NOK 11 million for the same period a year ago. Income before taxes was NOK 262 million against loss before taxes of NOK 34 million for the same period a year ago. Net income was NOK 196 million against net loss of NOK 31 million for the same period a year ago. EBITE was NOK 203 million, an increase of NOK 121 million from the second quarter of 2015. For the first half, the company reported operating revenues of NOK 12,406 million against NOK 12,407 million for the same period a year ago. EBITDA was NOK 576 million against NOK 718 million for the same period a year ago. EBIT was NOK 283 million against NOK 472 million for the same period a year ago. Income before taxes was NOK 290 million against NOK 422 million for the same period a year ago. Net income was NOK 216 million against NOK 368 million for the same period a year ago. Net cash from operating activities was NOK 161 million against of NOK 293 million for the same period a year ago. Investments in tangible non-current assets and intangible assets were NOK 706 million against NOK 479 million for the same period last year. Loss on equity (after tax) was 3.4% compared to return on equity (after tax) of 12.0% a year ago. Net interest-bearing debt was NOK 790 million. The adjusted result (EBITE) amounted to NOK 221 million, a decline of NOK 93 million compared with the first half-year of 2015.

Posten Norge AS Announces Resignation of Dag Mejdell as CEO

Posten Norge AS announced that CEO Dag Mejdell has delivert a letter of resignation as CEO Posten Norge. The Board has initiated a process to recruit a new CEO.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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