PostNord has announced its first-quarter financial results for 2025, with operating income growing 2.1% to SEK189m (US$19.6m) thanks to 8% growth in its parcel volumes compared with Q1 2024.
According to the post, its improvement programs have increased efficiency and reduced costs, thus boosting income despite mail volumes falling by 14% in the quarter compared with 2024.
“The fact that income for the group was again strong shows that our improvement programs have delivered as planned,” said Annemarie Gardshol, president and CEO of PostNord. “At the same time as we have taken important actions on the cost side, we have invested in our offering and strengthened our parcel business.”
Major changes in the mail business
In March, PostNord Denmark announced it will stop handling mail from the beginning of 2026 and instead focus fully on the parcels business. Since the turn of the millennium, mail volumes in Denmark have declined by more than 90% and the pace of decline in volumes continued to increase in the past year because of Denmark’s new Postal Services Act. This means that the conditions for operating a mail business that is both nationwide and profitable in Denmark no longer exist.
However, the Swedish side of the company will continue to run its nationwide, self-financed and profitable mail business.
PostNord said that its business will continue to be affected by “ongoing uncertainty in global economic developments” and that it would continue to closely monitor the situation while “maintaining the focus on our transformation”.