July 26, 2017 5:53 AM 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

Norway

Founded in 1647

16,445 Employees

Key Executives for Posten Norge AS

Chief Executive Officer
Age: 54
President
Age: 60
Executive Vice President of Mail Division
Age: 51
Executive Vice President of Logistics Division
Age: 61
Executive Vice President of E-Commerce Division
Age: 58
Compensation as of Fiscal Year 2017.

Posten Norge AS Key Developments

Posten Norge AS Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2017

Posten Norge AS reported unaudited earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported operating revenues of NOK 6,094 million against NOK 6,199 million for the same period a year ago. EBITDA was NOK 353 million against NOK 195 million for the same period a year ago. EBIT was NOK 203 million against NOK 25 million for the same period a year ago. Operating profit was NOK 203 million against NOK 25 million a year ago. Income before taxes was NOK 204 million against NOK 28 million for the same period a year ago. Net income was NOK 156 million against NOK 20 million for the same period a year ago. Net cash flow from operational activities NOK 127 million against NOK 77 million a year ago. The increase from last year is mainly due to a higher operating profit than the same period in 2016. In addition, a reduction in the Group's trade receivables contributed positively. Return on equity (after tax) was 2.9% against negative 7.0% a year ago.

Posten Norge AS, Q1 2017 Earnings Call, May 31, 2017

Posten Norge AS, Q1 2017 Earnings Call, May 31, 2017

Posten Norge AS Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016

Posten Norge AS reported unaudited earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported operating revenues of NOK 6,432 million compared to NOK 6,623 million a year ago. EBITDA was NOK 432 million compared to NOK 402 million a year ago. Loss before interest and taxes was NOK 207 million compared to NOK 380 million a year ago. Loss before taxes was NOK 167 million compared to NOK 386 million a year ago. Net loss was NOK 243 million compared to NOK 508 million a year ago. Net cash flow from operating activities was NOK 696 million compared to NOK 586 million a year ago. For the full year, the company reported operating revenues of NOK 24,772 million compared to NOK 25,074 million a year ago. EBITDA was NOK 1,339 million compared to NOK 1,474 million a year ago. Earnings before interest and taxes were NOK 178 million compared to NOK 239 million a year ago. Income before taxes was NOK 230 million compared to NOK 151 million a year ago. Net income was NOK 39 million compared to net loss of NOK 61 million a year ago. Return on equity (after tax) was 0.7% compared to 1.0% a year ago. Net cash flow from operating activities was NOK 945 million compared to NOK 1,213 million a year ago. Investments in intangible and tangible assets were NOK 1,243 million compared to NOK 1,159 million a year ago. Net interest-bearing debt was NOK 518 million compared to NOK 234 million for the same period a year ago.

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