PostNord posts record earnings

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PostNord reports that both its interim and annual financial results are the best since the company was founded in 2009. Highlights of the results included an 11.1% increase in net sales in the Q4 2020, and a 3.7% increase across the year.

The company stated its earnings improvement was driven by several factors. Strong demand for parcels contributed, but at the same time the company says it maintained high productivity and made good progress with its internal improvement programs.

Annemarie Gardshol, president and Group CEO, commented, “At PostNord, we have focused strongly on reducing the risk of infection for both employees and customers, who these days are extra dependent on safe and secure deliveries. Our ability to quickly make adjustments to respond to new patterns of behavior in society, combined with a continued focus on our improvement programs, has paid off. This makes us equipped to continue our journey to become the favorite supplier in the Nordic region, with our customers, our partners and our highly professional employees.”

During the year, PostNord also achieved its goal of reducing the carbon footprint of its operations. “I’m very proud that we achieved our target to reduce Group’s total emissions by 40% relative to the 2009 level. Work has begun to achieve the ambition to be fossil-free by 2030,” Gardshol added.

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Lawrence has been covering engineering subjects – with a focus on motorsport technology – since 2007 and has edited and contributed to a variety of international titles. Currently, he is responsible for content across UKI Media & Events' portfolio of websites while also writing for the company's print titles.

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