Parcel popularity gives Danish post service record result

Parcel popularity gives Danish post service record result
Photo: Mads Claus Rasmussen/Ritzau Scanpix
An increase in online shopping during the coronavirus pandemic was a key factor as the Postnord postal service recorded its best-ever annual result in 2020.

The Danish-Swedish company has posted its best profit since 2009, the year it was formed through the merger of Post Danmark and Posten AB.

The company published its annual results on Tuesday, revealing the record year.

Earnings of just under 1.3 billion kroner were brought in by the company in 2020, dwarfing the 200 million kroner profit in 2019.

Company director Annemarie Gardshol cited a number of reasons for the impressive return in written comments to news wire Ritzau.

“Naturally, a large demand for parcels has contributed,” Gardshol said.

“But at the same time, we have also had a very high productivity level and good progress in our internal improvement programmes,” she added.

The overall 2020 turnover for the company is 28.6 billion kroner, an increase of one percent compared to 2019.

The Danish component of the turnover amounted to 6.9 billion kroner, around one quarter of the overall amount. Both turnover and profit increased within the Danish arm of Postnord.

READ ALSO: Could Denmark split with Sweden over PostNord postal service? (2019)

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