2012 was a good year for Norway Post

2/15/2013 2:07 AM EST

The Norway Post Group had earnings before non-
recurring items and write-downs of NOK 1,116 million 
in 2012. This represents an increase of NOK 65 
million compared to 2011.

"This is the fifth consecutive year we have reported 
growth in earnings, thanks to the implementation of 
significant cost reductions at the same time as we 
have been successful in the market. It has been a 
good year for Norway Post," says Dag Mejdell, 
President and CEO of Norway Post.

Operating revenues in 2012 totalled NOK 22,924 
million, which is the same level as in 2011. 
In the Mail segment, revenue was lower than last year 
due to falling volumes in both addressed and 
unaddressed mail. In the Logistics segment, the 
acquisition of logistics companies contributed to 
revenue growth.