Norway Post has delivered a good half-year performance. Turnover grew by three percent, despite a continued decline in letter volumes. The growth is in parcels as a result of increased online shopping.
Operating revenues in the first half of 2015 were MNOK 12 407, which is an increase of MNOK 364 (3 percent) on the corresponding period of 2014. Operating profit before non-recurring items (EBIT) in the first half of the year amounted to MNOK 314, which is MNOK 2 higher than at the same time last year.
Developments in the mail segment were affected by the continued fall in letter volumes. Mail sent by the public sector accounted for the greatest decline in addressed mail (- 9 percent) as a result of the transition to digital solutions. The Logistics segment is influenced by the reduced activity in the oil industry, but managed to achieve a growth in operating revenues of 5.5 percent, where underlying organic growth was 4.4 percent.