Pan Nordic Logistics (PNL) plans to open more sales offices across Europe to win new volumes ofinbound parcels into the Nordic region. The move follows best-ever results for the Post Danmark and
Norway Post joint parcels subsidiary in 2005.In 2005, PNL’s turnover rose to SEK 1,151 million (€123.5 million) from SEK 1,077 million theyear before. Its operating profit improved substantially to SEK 11.1 million, an increase of SEK10.9 on the previous year. PNL said that the figures showed it had now fully recovered from 2001when Posten (the Swedish Post Office) pulled out of the company with a customer base correspondingto half the turnover.
“We are already the market leader in the Nordic region and will be stepping up the pace evenmore in 2006, which will affect both turnover and profit and send a clear signal to ourcompetitors. In 2006 we will experience growth through European customers that wish to expand intothe Nordic market,” said CEO Benny Rhe Hansen.
Competition in the Nordic market was increasing as multinational groups and local operatorsstepped up their operations in the region, PNL said in a statement. The Nordic logistics market,with annual turnover of SEK 200 billion, is estimated to be growing at about 5% per year. Onepositive trend is the rapidly growing e-commerce sector, which is increasing the need for fastparcel deliveries, PNL pointed out.
The Nordic parcels group, which expanded in the Baltic States and Poland last year, aims toincrease European sales further in 2006. Turnover from imports has already quadrupled since 2002thanks to several international contracts including Italian clothes group Diesel. In particular,PNL plans to open more sales offices to back up the Dutch office opened in 2002.
