Oireachtas Joint and Select Committees
Wednesday, 9 June 2021
Joint Oireachtas Committee on Transport, Tourism and Sport
The Viability of and Opportunities for the Post Office Network: An Post
Mr. David McRedmond:
I appreciate that. Transformation has created the platform. In 2020 we lived up to our promise. Our strategy is accelerating and as our business normalises post-pandemic we expect a return to profitability. The green light strategy, which is what we call our strategy for the next five years, will see a €200 million to €300 million investment in physical networks and digital infrastructure, a revenue target in excess of €1 billion and a net margin of 7% to 10%. That programme will secure a sustainable future for our networks and a world-class sustainable infrastructure for Ireland. I thank the Chairman and am happy to take questions.
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