PostNord has reported continued earnings growth in the third quarter of this year, as its improvement programs deliver cost reductions and growth in the parcel business.
However, despite generating improved income, the profitability of the Danish mail business is declining sharply as a result of the business being wound down.
In the face of intensifying competition and price pressures as the parcel market grows, PostNord has continued to invest in the key growth areas of international parcel volumes and C2C. It is also expanding its parcel locker network, a delivery option that continues to grow in popularity, along with home delivery and service points.
With the market demanding a continuous focus on continuous development, the company is pushing ahead with its Market Leadership and Cost Leadership programs, which focus on customer offering and long-term competitiveness.
Adjustment to mail operations
PostNord has previously communicated that it will stop delivering mail in 2026.
According to the company, since the turn of the millennium the volume of Danish letter volumes has fallen by more than 90%. The Danish postal law that came into effect in 2024 is said to have accelerated this decline.
In early July, the Swedish government announced a set of proposed changes to the Postal Ordinance, to enter into effect on January 1, 2026. The changes include extending the timeframe for mail delivery by one day. PostNord welcomed the proposal, which it says is a step toward ensuring a commercially sustainable and universal postal service.
Sustainability targets
The company has set the target of net zero emissions by 2040.
Heavy electric trucks, run directly by the company or via partnerships, are now used in all Nordic countries in which it operates.
In addition, during this quarter, after 113 years, mail will no longer be transported by air, with all overland deliveries to be carried out by road or rail.
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