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February 12, 2016 3:50 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 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

17,861 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 Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Posten Norge AS reported unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported operating revenues of NOK 6,044 million compared to NOK 5,809 million a year ago. EBITDA was NOK 354 million compared to NOK 408 million a year ago. Earnings before non-recurring items and write downs were NOK 159 million compared to NOK 208 million a year ago. Earnings before interest and taxes were NOK 147 million compared to NOK 200 million a year ago. Income before taxes was NOK 115 million compared to NOK 188 million a year ago. Net income for the period was NOK 80 million compared to NOK 122 million a year ago. Cash flow from operating activities was NOK 334 million compared to NOK 418 million a year ago. For the nine months, the company reported operating revenues of NOK 18,451 million compared to NOK 17,852 million a year ago. EBITDA was NOK 1,072 million compared to NOK 1,109 million a year ago. Earnings before non-recurring items and write downs were NOK 472 million compared to NOK 520 million a year ago. Earnings before interest and taxes were NOK 619 million compared to NOK 424 million a year ago. Income before taxes was NOK 537 million compared to NOK 367 million a year ago. Net income for the period was NOK 447 million compared to NOK 214 million a year ago. Cash flow from operating activities was NOK 627 million compared to NOK 758 million a year ago. Investments in intangible and tangible assets were NOK 778 million compared to NOK 838 million a year ago.

Norway Post Group Reports Unaudited Earnings Results for the Second Quarter and First Half Ended June 30, 2015

Norway Post Group reported unaudited earnings results for the second quarter and first half ended June 30, 2015. For the quarter, the company reported operating revenues of NOK 6,120 million against NOK 5,971 million for the same period a year ago. EBITDA was NOK 281 million against NOK 317 million for the same period a year ago. EBIT before non-recurring items and write-downs were NOK 82 million against NOK 121 million for the same period a year ago. Loss before interest and taxes was NOK 11 million against earnings before interest and taxes NOK 4 million for the same period a year ago. Loss before taxes was NOK 34 million against NOK 13 million for the same period a year ago. Net loss was NOK 31 million against NOK 49 million for the same period a year ago. For the first half, the company reported operating revenues of NOK 12,407 million against NOK 12,043 million for the same period a year ago. EBITDA was NOK 718 million against NOK 702 million for the same period a year ago. EBIT before non-recurring items and write-downs were NOK 314 million against NOK 312 million for the same period a year ago. EBIT was NOK 472 million against NOK 224 million for the same period a year ago. Income before taxes was NOK 422 million against NOK 180 million for the same period a year ago. Net income was NOK 368 million against NOK 93 million for the same period a year ago. Net cash from operating activities was NOK 293 million against of NOK 341 million for the same period a year ago. Investments in intangible and tangible assets were NOK 479 million against NOK 449 million for the same period last year.

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.

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