Mail volumes increase and quality improves - An Post

[TrueBlueTerrier]

http://www.ipc.be/index.php?option=com_ ... &Itemid=28

29 April 2008 - An Post

An Post has achieved a profit of €43.3m (after-tax) for 2007.

Operating profit doubled to €29.1m, up from €14.7m in 2006. Reporting a profit for the fourth consecutive year, the company’s year-on-year profit margin almost doubled to 3.3 per cent from 1.8 per cent in 2006.

Turnover increased by €57m (up 7 per cent) to €876m. The company grew its mail volume by 5.3 per cent, an increase driven by improved quality and reliability of service.

An Post successfully handled a large amount of time-sensitive, national mailings generated by the 2007 General Election which, combined with 2.3 per cent growth in core mail volumes, resulted in year-on-year mails growth of 5.3 per cent.

Domestic quality of service, and customer satisfaction, as measured by ComReg, improved significantly during 2007, as did the quality of service for inbound and outbound international mail. The number of buildings to which An Post delivers mail increased by 96,000 last year and the number of individual addresses rose to 2.13 million.
Speaking after the company’s AGM at the GPO today, recently appointed Chairman, John Fitzgerald said he was pleased that one of his first duties was to report on the success of the first year of An Post’s five-year Transformation Plan:

“A record operating profit has been achieved on a very solid financial performance and quality of service in terms of next-day delivery steadily improved across the year. Most significantly, I believe the progress made in 2007 is due in no small measure to the improved industrial relations climate with the company; with management, staff and trade unions committed to the delivery of the Transformation Plan. 2007 is a year of which everyone in An Post can be proud, and this level of performance must be maintained if the company is to thrive in a fully liberalised market,â€

[TrueBlueTerrier]

Thats Italy and Ireland/Eire that have now reported increase in profit and volumes - perhaps the Global decline in mail volumes is being reversed.

[andy2007]

Thats Italy and Ireland/Eire that have now reported increase in profit and volumes - perhaps the Global decline in mail volumes is being reversed.

If you're right, then it will safeguard a lot of Jobs. I just hope that this trend reaches us soon.

[Night Tonic]

According to stats, mail volume (ie what WE do) is down. Downstream access (i.e. sorted by others) has added to over all mail volume but has dipped slightly this year and with increased fuel costs may continue to dip for quite a while. 'Quantity' (i.e. what you carry) is up on what it was some years ago, in some areas, but with DSA we're making half as much money on it.