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Postnord
Postnord (PN) investor relations material
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Postnord Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary5 Feb, 2026
Executive summary
Income was negatively impacted by declining mail volumes and costs from winding down the Danish mail business, while parcel business growth and improvement programs supported profitability and growth.
Net sales for Q4 2025 were SEK 9,924 million, down 1% year-over-year in fixed currency for like-for-like units.
Operating income (EBIT) for Q4 was SEK 284 million (2.9% margin), and SEK 841 million (2.3% margin) for the year.
Parcel volumes grew 11% in Q4, while mail volumes declined 12%.
Ongoing adaptation of Swedish mail operations and closure of the Danish mail business are underway.
Financial highlights
Q4 2025 net sales were SEK 9,924 million, down from SEK 10,018 million year-over-year.
Operating income (EBIT) was SEK 284 million, compared to SEK 385 million in Q4 2024.
Adjusted operating income was SEK 237 million, down from SEK 498 million.
Net profit for the period was SEK 172 million, compared to SEK 306 million in Q4 2024.
Cash flow from operating activities increased to SEK 1,533 million from SEK 1,422 million.
Outlook and guidance
The parcel market is expected to remain attractive, but intense competition and price pressure are anticipated.
Ongoing restructuring and adaptation efforts, especially in Denmark and Sweden, are expected to continue.
Regulatory changes in Sweden may impact mail delivery timelines and profitability.
No dividend is proposed for the 2025 financial year.
Danish mail closure net financial impact 2025?
What is the status of Swedish postal reform?
How is parcel profitability evolving amid competition?
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Next Postnord earnings date
Q1 202628 Apr, 2026
Postnord
Next Postnord earnings date
Q1 202628 Apr, 2026
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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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