PostNord’s owners, the Swedish and Danish states, have today signed an agreement that will involve the owners providing funding of SEK 2.2 billion for the transformation of the Danish operations.
The agreement will result in SEK 1,533m being provided by the Danish state, which constitutes a payment for ensuring the universal postal service, and is earmarked specifically to cover extra legacy costs relating to the reduction of Danish employees with special employment conditions. SEK 267m constitutes an equity contribution from the Danish state and SEK 400m constitutes an equity contribution from the Swedish state.
“Digitalization has resulted in the need for a major transformation of the Danish business operations. We are therefore very pleased that the owners have come to an agreement regarding the financing of this and that the owners are united in their support for PostNord’s business activities. This means that we can now resume the transformation of the Danish operations with renewed vigor. Together with the amendments to the Swedish postal regulations that have been announced, this creates a good basis for the entire Group’s continued stability and strategic development,” says Chairman of the Board of PostNord, Jens Moberg.
“Once the transformation is complete, we will be able to maintain the universal postal service and have profitable letter-related activities, even with the small letter volumes that now exist in Denmark, and we will be a role model for postal services around the world that are experiencing the same trend with decreasing letter volumes,” concludes Jens Moberg.
More information about the agreement is available on the websites of the Swedish and Danish Governments.
For further information, please contact:
PostNord Media Relations, tel: 46 10 436 10 10, e-mail: email@example.com
Contact person: Emma Riblom. This information is such that PostNord AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 3:30 p.m. CET on October 20, 2017.