The group’s financial arm, PostFinance, recorded a CHF272 million result, up from CHF162 million in 2020. This was achieved despite a fall in customer numbers, the amount of money they held at PostFinance and the continued negative interest rate environment.
The postal service is seeing a decline in the number of letters being delivered but a rise in the volume of parcels. It is also facing increasing competition from digital communication services.
Managers have mooted plans to revamp the group by 2030, including a doubling of its parcel sorting infrastructure. A more contentious proposal is to limit letter deliveries to just three days a week.
Unless changes are implemented, the Post Office would have to rely on public subsidies to exist from 2028, CEO Roberto Cirillo said earlier this month.
On Thursday, the group said that CHF4 billion will be invested into various initiatives by the end of 2024.
The Post office traditional bus service ended 2021 CHF18 million in the black, but this was only achieved through government subsidies during the Covid-19 pandemic.
Popular Stories
More
Workplace Switzerland
What lies ahead for Switzerland: an economic outlook for 2025
Have you heard something about Swiss diplomacy that you’d like us to fact check?
Not all information circulating about Switzerland’s foreign relations is accurate or well understood. Tell us what you'd like us to fact check or clarify.
SWISS crew member ‘died as a result of oxygen deprivation’
This content was published on
SWISS crew member reportedly died of brain damage resulting from lack of oxygen, following an emergency landing last month.
Zurich flights cancelled due to snow and freezing rain
This content was published on
Snowfall and freezing rain severely disrupt air traffic at Zurich airport over the weekend, with more than 50 flights being cancelled.
Terror threat rising in Switzerland, says Attorney General
This content was published on
The number of active terrorism investigations in Switzerland has doubled since 2022, according to the country’s top prosecutor.
Credit Suisse Nazi ties ‘ran deeper than thought’: media report
This content was published on
Credit Suisse is alleged to have withheld details of its historic links with World War II-era Nazi clients, says the Wall Street Journal.
Swiss man faces life imprisonment after Australia drugs arrest
This content was published on
Swiss man, 21, accused of attempting to smuggle 25 kilograms of cocaine with a street value of CHF4.5 million into Australia.
Swiss insurer Helvetia says 500 jobs affected by cost-cutting
This content was published on
Some 500 jobs, including 200 to 250 in Switzerland, are affected by the new operational efficiency measures recently announced by insurer Helvetia.
This content was published on
Significantly fewer new cars were sold in Switzerland in 2024 than the previous year as demand for electric cars and plug-in hybrids declined.
Demand for crypto stamp crashes post office’s online shop
This content was published on
The launch of Swiss Post’s first “crypto” stamp has met with such high demand that the online shop was overwhelmed for several hours.
Swiss postal bank turns up digital dazzle to arrest declining fortunes
This content was published on
The financial arm of the Swiss post office is offering clients access to cryptocurrencies and the chance to buy fractions of company shares.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.