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Postnord (PN) investor relations material
Postnord Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary28 Oct, 2025
Executive summary
Income and operating results improved in Q3 2025 due to effective cost control and strong parcel business growth, despite a challenging environment and declining mail volumes.
Danish mail business profitability declined sharply due to wind-down and restructuring costs, while Swedish mail operations continued to adapt.
Sustainability initiatives advanced, including a 29% reduction in carbon emissions and rollout of heavy electric trucks.
Financial highlights
Net sales for Q3 2025 were SEK 8,473 million, down from SEK 8,570 million year-over-year, a 2% decrease in fixed currency for like-for-like units.
Operating income (EBIT) was SEK 106 million (up from SEK 86 million), with adjusted EBIT at SEK 166 million (up from SEK 104 million); operating margin improved to 1.3%, adjusted margin to 2.0%.
Parcel volumes increased by 18%, while mail volumes decreased by 12% year-over-year.
Net profit for Q3 was SEK 51 million, compared to SEK 67 million in Q3 2024.
For Jan–Sep 2025: net sales SEK 26,321 million (down 5%), operating income SEK 557 million (up from -249 million), adjusted EBIT SEK 732 million (up from 463 million), earnings per share SEK 0.18 (up from -0.20).
Outlook and guidance
Parcel market expected to continue attractive growth, but competition and price pressure remain high.
Ongoing adaptation and restructuring in mail operations, especially in Denmark and Sweden, with Denmark to end mail deliveries by 2026.
Awaiting regulatory changes in Sweden to support a sustainable postal service.
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Frequently asked questions
PostNord is a Nordic logistics company operating out of Stockholm, Sweden, and co-owned by the Danish and Swedish state.PostNord AB delivers a broad range of services, including logistics and parcel delivery services, postal services for households and businesses, e-commerce, consulting, service logistics, market communication, business communication, and mail handling. The organization also specializes in providing omnichannel solutions for digital communications for businesses and global distribution solutions, handling lightweight goods for e-retailers.
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