An Post will increase stamp prices by 25 cents to €1.65, effective February 27, 2024, representing a nearly 18% hike. This is the fifth price raise in three years, aimed at addressing the decline in letter volume due to increased parcel deliveries. CEO David McRedmond emphasized the need for pricing to align with global trends and mentioned the company's investment in the growing e-commerce market. An Post reported a 4% revenue increase amid these challenges, remaining self-financed after repaying a government loan.
"We've worked hard to get the economics right on price for postage by introducing smarter work practices and reducing costs to keep our prices below the European benchmark average and below the UK."
"An Post remains entirely self-financed, having repaid a government loan in full in 2024. While we manage the decline in postal, An Post is also investing heavily in the parcel and e-commerce business, which is growing rapidly."
Collection
[
|
...
]