The capital value of Norway Post for 2010 was estimated at BNOK 11.4. This is BNOK 3 less than in 2007. Nevertheless the company has performed better than the stock exchange.
Norway Post regularly carries out an estimation of value of its business operations. The estimation of value is commissioned by Norway Post or its owner (the Ministry of Transport and Communications). The first estimation of value was carried out in 2003. The capital value was then estimated to be BNOK 5.5. Since that time the capital value has increased significantly each year until 2007 when the capital value was estimated to be BNOK 14.4. No estimation of value was carried out in 2008 or 2009.
Capital value falls in 2010
Handelsbanken was commissioned by the Ministry of Transport and Communications to carry out an estimation of value in 2010. This was based on an analysis of the combined values of the Mail, Logistics and IT segments.
The capital value of Norway Post has fallen by 21% since the last estimation of value was carried out three years ago in 2007. In comparison, Oslo Stock Exchange fell by 29% during the same three-year period.
The report points to falling letter volumes which were compensated for by price increases and the downturn in the IT market as the major assumptions for the estimation of value.
Estimation of value 2010
Read the report on the Ministry of Transport and Communications website