Swiss Post has to be relaxed. The postal car scandal and slower interest rates have led to a reduction in the group's results.
The Swiss Post has suffered a serious recovery. In the third quarter, the consolidated net profit amounted to 186 million CHF, which is 186 million CHF more than in the previous year. According to Swiss Post, the business of cut-off interest rates in post-financing and post-test scandals had a negative impact on net income.
Thus, the operating result of Postauto in the third fiscal quarter was reduced by 47 million francs year-on-year. Significantly responsible for this is the agreement with the Federal Transport Office (FOT) for the compensation of unfairly paid compensation in the amount of 188 million francs.
Post-financing will reduce interest rates
At the same time, nothing has changed in the difficult situation of Postfinance over the course of a few quarters. "In a market environment with low, sometimes negative interest rates, the business with revenue from post-payroll revenue is continually reducing revenue," reports the Swiss Post. The politically imposed ban on the loan also prevents the stabilization of Postfans' interest margins.
Postfinans achieved operating income of 218 million Swiss francs, which is 315 million Swiss francs compared to the same period last year. Operating revenues fell by 277 million francs to 1,315 billion francs. (FOR "S)