July 30, 2016 2:26 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

17,270 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 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.

Posten Norge AS Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2016

Posten Norge AS reported unaudited earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported operating revenues of NOK 6,199 million against NOK 6,288 million for the same period a year ago. EBITDA was NOK 195 million against NOK 437 million for the same period a year ago. EBIT before non-recurring items and write-downs were NOK 18 million against NOK 231 million for the same period a year ago. EBIT was NOK 25 million against NOK 482 million for the same period a year ago. Income before taxes was NOK 28 million against NOK 456 million for the same period a year ago. Net income was NOK 20 million against NOK 399 million for the same period a year ago. Net cash flow from operational activities NOK 77 million against NOK 322 million a year ago. The reduction in cash flows compared with the same period in 2015 was mainly due to lower operating profit. Return on equity (after tax) was negative 7.0% against 11.1% a year ago. Investments in tangible non-current assets and intangible assets was NOK 327 million against NOK 200 million a year ago. Current interest-bearing debt increased by NOK 234 million from 31 December 2015 to 31 March 2016 primarily due to new certificate loans and bank overdrafts totaling NOK 437 million.

Posten Norge AS Reports Unaudited Earnings Results for the Fourth Quarter and Full Year 2015

Posten Norge AS reported unaudited earnings results for the fourth quarter and full year 2015. For the quarter, the company reported operating revenues of NOK 6,623 million compared to NOK 6,553 million a year ago. EBITDA was NOK 402 million compared to NOK 614 million a year ago. Loss before interest and taxes was NOK 380 million compared to earnings before interest and taxes of NOK 420 million a year ago. Loss before taxes was NOK 386 million compared to income of NOK 353 million a year ago. Net loss was NOK 469 million compared to net income of NOK 235 million a year ago. For the nine months, the company reported operating revenues of NOK 24,404 million compared to NOK 17,852 million a year ago. EBITDA was NOK 1,474 million compared to NOK 1,723 million a year ago. Earnings before interest and taxes were NOK 239 million compared to NOK 844 million a year ago. Income before taxes was NOK 151 million compared to NOK 720 million a year ago. Net loss was NOK 21 million compared to net income of NOK 449 million a year ago. Net cash flow from operating activities was NOK 1,209 million compared to NOK 1,175 million a year ago. Investments in intangible and tangible assets were NOK 1,154 million compared to NOK 1,081 million a year ago.

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