According to Liechtenstein Post AG, company sales in 2016 were down by 7.9 per cent compared to the previous year. But thanks to consistent cost management, the company nonetheless managed to generate a positive operating result. Together with the negative financial results, there was a net loss of CHF 148,000 for 2016.
Revenues in universal service for 2016 fell by 8.5 per cent over the previous year, while philanthropic revenues declined by 19.5 per cent. PostFinance revenues were also lower than in 2015 due to declining payment transactions. In contrast, logistics were able to maintain their previous year results. Reduced depreciation, costs and personnel savings allowed an overall positive operating result.
With respect to financial expenses, Liechtenstein Post incurred extraordinary expenses in connection with the sale of newtron AG and the liquidation of DIGnewtron (FL) AG and DIG (Switzerland) AG. As a result of the divestments and the corresponding adjustments in the balance, “the financial basis of Liechtenstein AG could once again be stabilised”.
In 2016, Liechtenstein Post also paid a further CHF 5 million to Swiss Post toward a 2014 loan in the amount of CHF 13.5 million, bringing the remaining amount down to CHF 4 million.