POST Luxembourg Group Reports €57m Consolidated Net Profit

The POST Luxembourg Group recently presented at a press conference the annual results for 2023.

In its annual report, the Group detailed its social and environmental impacts and generated value throughout 2023. Furthermore, it presented its strategic commitments for the years to come.

“Everything we implement must meet the criteria of responsibility and profitability, without us having to make trade-offs between these two notions,” said Claude Strasser, General Director of POST Luxembourg.

According to POST Luxembourg Group, 2023 marked the start of the new strategic period 2023-2027. The Group confirmed their goal of providing local services and reliable and innovative technological solutions to Luxembourg stakeholders, while finding the balance between profitability and responsibility, with an eye towards the future.

The Group is structured around three main activities: Telecom & ICT, Mail & Logistics and Financial Services. Each of these activities faces unique challenges and is expected to transform in the years to come, according to POST Luxembourg. These developments require in particular substantial investments, which will aim to guarantee the profitability of each activity, to reduce their impacts and to offer long-term employment prospects.

“Actively committing to sustainable development nourishes creativity and, in the long term, should contribute to strengthening our resilience and better positioning ourselves for the future,” said Serge Allegrezza, President of the Board of Directors.

The Group stressed that it must take “significant measures” to reduce its carbon footprint by improving its energy efficiency, reducing greenhouse gas emissions and promoting the use of renewable energies. This approach aims to direct their activities and services towards a more environmentally friendly approach while contributing to the transition to a carbon-free economy by 2050. In 2023, their CO2 emissions were 13,477 tonnes, which they explained noting that these were mainly linked to the combustion of their fleet of vehicles (operational & company) still mainly powered by fossil fuels. 26% of their vehicle fleet was electric, the Group added.

In terms of employee management, they emphasised their aim to continue offering employment opportunities to “everyone, whether qualified or not”. In a context where their activity sectors are evolving and reorganising, they noted they strive to strengthen the employability of their employees, to guarantee them the prospect of lasting employment. The Group noted they had a total of 4,515 employees, with 27% female employees, 99% permanent contracts and 87% full-time contracts.

The POST Group's turnover reached €57 million and invested €140 million in 2023.

Concerning the services provided, POST Luxembourg noted that 84% of the country’s territory is covered by fibre, while 94% of the Grand Duchy’s population is covered by the 5G network. In 2023, 7,3 million parcels were distributed, with 5,7 million parcels delivered to people’s homes. This represents 28% of parcels distributed, compared to only 13% in 2019.