Financial Report 2019
Swiss Post generated a lower result in the year under review 2019 than in the prior-year period. At 255 million francs, Group profit was down 149 million francs year-on-year. Operating profit declined by 55 million francs, coming in at 450 million francs. The lower result is in line with expectations in a challenging environment, as the overall conditions in the core markets remain difficult for Swiss Post.
“The challenges? Fewer letters, low interest rates.”
Alex GlanzmannHead of Finance, Member of Executive ManagementFind out more
Challenges reflected in annual result
Find out moreFive-year overview of key figures
|
2015 |
2016 |
2017 |
2018 |
2019 |
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|
Result |
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|
Operating income |
CHF million |
8,224 |
8,188 |
8,064 |
7,254 1 |
7,164 |
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|
Generated in competition |
% of operating income |
85.1 |
85.8 |
85.7 |
84.8 |
85.4 |
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|
Generated abroad and cross-border |
% of operating income |
14.0 |
13.7 |
14.3 |
14.6 |
14.8 |
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|
Operating profit |
CHF million |
823 |
704 |
718 |
505 1 |
450 |
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|
Generated in competition |
% of operating profit |
87.0 |
93.5 |
86.7 |
72.5 |
75.1 |
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|
Generated abroad and cross-border |
% of operating profit |
6.9 |
9.1 |
11.4 |
18.0 |
14.9 |
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|
Group profit |
CHF million |
645 |
558 |
527 |
404 1 |
255 |
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|
Equity |
CHF million |
4,385 |
4,744 |
6,583 |
6,759 1 |
6,834 |
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|
Value generation |
||||||||||||
|
Economic value added |
CHF million |
169 |
122 |
102 |
– 24 1 |
– 17 |
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|
Added value generated |
CHF million |
5,193 |
5,145 |
5,143 |
4,613 1 |
4,616 |
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|
to employees |
CHF million |
4,074 |
4,034 |
3,989 |
3,802 1 |
3,764 |
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|
to creditors |
CHF million |
69 |
64 |
48 |
48 1 |
75 |
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|
to public sector |
CHF million |
94 |
118 |
63 |
42 1 |
32 |
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|
to owner |
CHF million |
200 |
200 |
200 |
200 |
50 |
||||||
|
to company |
CHF million |
756 |
729 |
843 |
521 1 |
695 |
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|
Jobs |
||||||||||||
|
Headcount (excluding trainees) |
Full-time equivalents |
44,131 |
43,485 |
42,316 |
39,932 2 |
39,670 |
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|
Trainees in Switzerland |
Persons |
2,077 |
2,118 |
2,115 |
2,001 |
1,894 |
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|
Jobs in peripheral regions |
Persons |
18,633 |
18,176 |
17,640 |
16,765 |
16,073 |
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|
Turnover rate (voluntary departures) |
As % of average headcount |
3.8 |
4.0 |
4.8 |
5.5 |
5.1 |
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|
Notice given by employer for economic reasons |
Persons |
78 |
84 |
161 |
152 |
105 |
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|
Employment conditions and remuneration |
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|
Employment in accordance with Swiss Post CEC |
Full-time equivalents as % |
89.6 |
85.6 |
85.6 |
85.2 |
86.1 |
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|
Swiss Post CEC minimum salary |
CHF per annum |
47,620 |
47,620 |
47,620 |
47,620 |
47,620 |
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|
Average salary for employees |
CHF per annum |
83,472 |
82,231 |
83,178 |
83,383 |
82,741 |
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|
Average remuneration paid to members of Executive Management |
CHF per annum |
591,574 |
588,377 |
559,044 |
588,916 |
582,289 |
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|
Salary bandwidth 3 |
Factor |
7.1 |
7.2 |
6.7 |
7.1 |
7.0 |
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|
Health management |
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|
Occupational accidents |
Number per 100 FTEs |
6.1 |
5.9 |
6.5 |
6.0 |
6.4 |
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|
Days lost to illness and accidents |
Days per employee |
12.4 |
12.5 |
12.9 |
13.1 |
13.3 |
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|
Diversity |
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|
Women |
% of employees |
48.4 |
48.1 |
47.5 |
46.3 |
45.0 |
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|
Nationalities represented |
Number |
142 |
143 |
140 |
138 |
140 |
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|
Women on Board of Directors |
% |
33.3 |
33.3 |
33.3 |
33.3 |
33.3 |
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|
Women in Executive Management |
% |
12.1 |
11.1 |
20.5 |
22.9 |
11.1 |
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|
Women in senior management roles |
% |
12.3 |
12.3 |
13.4 |
16.0 |
17.1 |
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|
Women in middle and lower management roles |
% |
23.4 |
24.2 |
23.9 |
23.2 |
23.8 |
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|
Demographics |
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|
Average age of workforce |
Years |
45.3 |
45.6 |
46.0 |
46.1 |
46.1 |
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|
Resource consumption |
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|
Energy consumption |
GWh |
1,458 |
1,491 |
1,453 |
1,479 |
1,377 |
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|
Energy consumption within Swiss Post |
GWh |
890 |
905 |
887 |
902 |
816 |
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|
Renewable share |
% |
20.0 |
19.3 |
19.6 |
20.4 |
21.6 |
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|
Energy consumption outside Swiss Post |
GWh |
568 |
586 |
567 |
578 |
561 |
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|
Carbon footprint (scope 1 – 3) |
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|
Carbon footprint |
t CO2 equivalent |
440,728 |
446,151 |
436,550 |
439,955 |
408,784 |
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|
CO2 efficiency increase since 2010 4 |
% |
13.7 |
16.5 |
19.6 |
20.4 |
27.6 |
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1 The figure has been adjusted (see Note 2, Basis of accounting, Accounting changes and Discontinued operations).
2 In the PostMail segment, the calculation of average FTEs (excluding trainees) was revised for two subsidiaries, resulting in the adjustment of the figure for 2018. In the PostBus segment, figures for 2018 were adjusted due to the classification of CarPostal France Group as a disposal group held for sale and a discontinued operation.
3 Factor = average remuneration paid to Members of Executive Management vs average employee salary.
4 The rise in CO2 efficiency is measured as the change in CO2 equivalents per core service in the year under review compared with the base year. Each core service is defined by unit (consignment, transaction, passenger kilometre, kilometre, full-time equivalent etc.).