PostNord reported its net profit in the first quarter of 2013 was 185 million Swedish krona (about US$27.8 million).
Net sales from January through March were “stable,” totaling $1.5 billion, including $70.9 million from acquired companies’ contributions, the Swedish postal company said in a written statement. Net sales for mail decreased 8 percent year-over-year, driven by developments within Mail Denmark, which was unable to implement cost cuts to the extent required to meet the sharp drop in mail volumes during the quarter.
However, net sales for the logistics segment rose 16 percent compared with the same period in the previous year, including $57.6 million from acquired logistics businesses in 2012 and early 2013. In April, PostNord acquired Nordisk Kyl Logistik and Transbothnia from Bilfrakt Bothnia, which further expanded the company’s market presence within mixed cargo, consignment freight and thermal transports in Sweden, as well as its offerings within grocery and industrial logistics.
Meanwhile, the Strålfors division turned its loss in the first quarter of 2012 to profit in this quarter.
PostNord also noted that e-commerce has had a positive impact on the flow of consignment goods. Volume for business-to-consumer parcels and light parcels in the mail flows increased 7 percent during the quarter.
The company plans to continue to focus on generating profitability within the mail and logistics segments, PostNord said.