Revenue for the year contracted by 0.8% in 2023. Iceland Post witnessed its profit levels drop by nearly a half in 2023.
Staff costs were stable year-on-year, with Iceland Post reporting a staff costs-to-revenue ratio of 0.64 in 2023. Iceland Post aims to expand its parcel locker network to 120 parcel lockers across the country in 2024. The post aims to have a network of at least 150 parcel lockers within the next 3-5 years.
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