Swiss Post has recorded its highest profit ever for the financial year 2007 and expects a furtherincrease this year, according to CEO Ulrich Gygi.
The net profit for last year would amount to more than CHF 900 million (EUR 549.34 million),surpassing the record profit of CHF 837 million (EUR 510.88) in 2006, he told the Swiss newspaper “Sonntag” in an interview. The exact figure is not available yet.
This record profit was due to booming business activities, especially in the mail and financesectors, he pointed out. The parcel and express sectors also recorded positive results as well asinternational business activities, which amounted to 18% of turnover.
Gygi said he expects the results to improve further if Swiss Post can maintain its mailmonopoly up to 100 grams until 2011.
In addition, Gygi announced his retirement in 2009. He took up the post as Swiss Post CEO inmid-2000 and initially planned to stay in the position for eight years. But Gygi said he haddecided to wait until the opening of the new mail centres during 2009 in which Swiss Post hasinvested CHF 1.3 billion (EUR 791.89 million).
