Posten Bring AS Due Diligence

Run due diligence on Posten Bring AS: check compliance and get alerts when suppliers or ownership change.

Norway · owned by Norwegian Ministry of Trade, Industry and Fisheries (State of Norway) (Norway) · www.posten.no · 28 vendors

Posten Bring AS is a Nordic postal and logistics group that operates under two main brands: Posten (for private consumers) and Bring (for businesses). The company provides postal services, parcel delivery, freight logistics, and digital communication solutions across Norway and internationally. It is majority-owned by the Norwegian state and serves as Norway's national postal operator.

Resilience scores

Technology vendors

Services catalogue

2 services in catalogue across 1 category; runs on 28 sub-vendors.

Insights

Last updated 2026-06-01 · revision 7

28 direct vendors, 213 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Financials

Three-year financials

Financial Resilience Score: 8/10

Posten Bring AS demonstrates strong financial resilience, underpinned by 100% ownership by the Norwegian State (Ministry of Trade, Industry and Fisheries), which provides funding stability, an A (stable) credit rating from Scope Ratings, and access to bond and commercial paper markets. The group benefits from substantial annual state purchases of universal postal services (NOK 1,634m in 2025, rising to a budgeted NOK 1,747m in 2026), providing structural revenue support for the loss-making Post segment. The balance sheet is solid with an equity ratio of ~31%, NIBD/EBITDA declining to 2.2x, and a liquidity reserve exceeding NOK 5 billion including cash, fund holdings, and undrawn facilities. Operational performance has improved materially through the 'Fram' cost-saving programme launched in April 2024, with adjusted operating profit rising from NOK 716m (2023) to NOK 1,162m (2025), a ~62% increase. The two-segment structure (Logistics under Bring brand and Post) diversifies cyclical risk, with Logistics capturing structural e-commerce growth (+9.1% parcel volume in 2025) offsetting secular mail decline. However, regulatory and political risks remain significant: the new Norwegian Postal Act proposes weekly-only mailbox delivery from 2027, requiring major operational restructuring, and the EFTA Surveillance Authority opened a formal state-aid investigation in December 2024 covering compensation paid 2016–2024.

Key strengths: 100% Norwegian State ownership providing funding stability and A (stable) credit rating, Annual state purchase of universal postal services: NOK 1,634m (2025), budgeted NOK 1,747m (2026), Strong balance sheet with ~31% equity ratio and NIBD/EBITDA of 2.2x, Liquidity reserve exceeding NOK 5 billion, Diversified two-segment portfolio (Logistics + Post) across Nordics, Cost-saving 'Fram' programme delivering margin expansion, Leading Norwegian parcel network with growing Swedish footprint, Adjusted operating profit grew ~62% from 2023 to 2025

Risk factors: Structural decline in mail volumes (addressed mail -9.7%, unaddressed -14.2% in 2025), New Norwegian Postal Act effective 2027 requiring major restructuring, EFTA Surveillance Authority state-aid investigation opened December 2024, Highly competitive Nordic parcel market with margin pressure, Asset impairments of NOK 248m (2024) and NOK 79m (2025), Pension obligations and Norwegian wage-cost inflation, Geopolitical risk: US parcel flow suspension (Aug-Dec 2025) after de-minimis threshold change, Post segment revenue declining: NOK 5,835m (2023) → NOK 5,169m (2025)

Revenue by geography

Revenue by product/service

Signed-in users can see whether their own company is exposed to this vendor's disruption, plus the full sub-vendor list and country breakdowns, every in-scope compliance framework plus gaps and next steps, and alerts when any of it changes.

View the full interactive report