Interim Report January-March 2014: New organization for a clearer, more efficient PostNord
JANUARY-MARCH 2014 · Net sales totaled SEK 9,999m (9,832). · Operating profit totaled SEK 106m (330). · Net profit totaled SEK 100m (182). · Cash flows from operating activities totaled SEK -469m (425).Message from Håkan Ericsson, President and CEO PostNord reported a lower year-on-year operating profit due to the restructuring costs associated with the personnel cut-backs made in conjunction with the new organization, the continued decline in mail volumes and increased price pressure, particularly within the logistics business. PostNord continues to implement the cost