P&T Group Luxembourg announced 2.1% increase in turnover for the financial 2012

In a difficult climate, the P&T Group ended the 2012 financial year with a 2.1% increase in turnover. Investments reached almost EUR 160 M. P&T Group, a prominent stakeholder in sustainable development, is keenly aware of its social, ethical and environmental responsibilities. It employed 3,923 people (+6.7%) in 2012 and continues to pursue its effort to reduce the environmental impact of its various activities.

Luxembourg, 02-8-2013 — /EuropaWire/ — Following the record year of 2011, P&T Group managed to consolidate its position in 2012 in a highly competitive and difficult economic climate – maintaining momentum and posting solid results.

P&T Group ended the 2012 financial year with its overall turnover up by 2.1%.

Despite the difficulties facing the postal and postal financial services, telecommunications continues to show strong growth.

The postal service is compelled to reduce the structural volume of mail it handles daily, affecting all postal operators. Bolstered by the growth of e-commerce and direct marketing (targeted and untargeted advertising), parcel delivery operations continue to grow, despite strong competition.

On the financial side, income from the investment of customer assets is also witnessing a downward trend, owing to record lows in interest rates.

In the telecommunications sector, P&T Group has been able to consolidate its position as market leader, as part of its ever-growing technological convergence strategy. While traditional landline services are stagnating, ultra-high-speed Internet, cloud and managed services, ‘Tële vun der Post’ as well as data mobile activities are growing strongly.

Moreover, P&T Group continues to develop its business by extending its operations. In 2012, this was characterised by its increased shareholding in its subsidiaries: Editus, Netcore and Victor Buck Services.

In 2012, P&T Group registered increases in salary and telecommunication production costs as well as a considerable hike in depreciation costs in the wake of large-scale investment projects undertaken in ultra-high speed landline and mobile infrastructure, the establishment of Data Centres, the installation of other information and communications technologies and the drive to expand and modernise its real estate.

In total, P&T Group investments reached almost EUR 160 million in 2012. Generally affected by the continued pressure on margins in postal and postal financial services, P&T Group’s operating income fell by almost 21.5% to EUR 62.32 million. Net profits (Group share) fell sharply (-47%), mainly due to a reduction in the extraordinary income which was very significant in 2011.

At the same time as its 2012 financial results, P&T Group publishes its first CSR report.

It is P&T Group’s ambition to offer residents and business the highest service quality.

A prominent stakeholder in sustainable development, P&T Group is keenly aware of its social, ethical and environmental responsibilities. In 2012, P&T Group generated and disbursed EUR 1 870 million of value (investments made in the wider community, salaries, taxation, dividends, donations, etc).

Supporting quality employment and equal opportunities, in 2012 P&T Group employed 3,923 people (+6.7) from 27 different countries. Approximately one third of its staff members are women and it is currently the third largest employer in the country.

With the largest fleet of electric vehicles, the use of 100% renewable energy and 100% recycled or eco-labelled paper, as well as other initiatives, P&T Group demonstrates its willingness to reduce the environmental footprint of its various activities.

A vital player in the national economy, P&T Group is on a sound financial footing and on the right path to fulfil all the various projects dear to its heart, both now and in future.

Press Contact

OLIVIER MORES

Tél.: (+352) 4765-4495
Olivier.Mores@ept.lu