Courier & Last-Mile Delivery Switzerland: 4–6× EBITDA, 406 Firms (2026)

1.0Market Snapshot

CHF 2.5bn: Revenue of the Swiss parcel, express and courier (KEP) market in 2025: CHF 1,867 million from standard parcels and CHF 668 million from express and courier shipments (PostCom annual report 2025).
406: Courier, express and private postal companies in 2024 (BFS STATENT, NOGA 53.20), down from 445 in 2020. Swiss Post's universal-service companies are counted separately (NOGA 53.10: 19 units, 30,120 employees).
12,779: Employees of courier, express and private postal companies in 2024 (BFS STATENT, NOGA 53.20), 7,813 full-time equivalents. Headcount fell from 15,221 in 2020 while full-time equivalents stayed flat: fewer small part-time jobs.
+4%: Growth of revenue and shipment volume in the Swiss parcel, express and courier market in 2025, the strongest in years (PostCom). Imports grew about 12%; national business 2–3%.

According to Val Index analysis of Swiss commercial-register and federal data (2026), the Swiss courier & last-mile delivery market is worth CHF 2.5bn — Revenue of the Swiss parcel, express and courier (KEP) market in 2025: CHF 1,867 million from standard parcels and CHF 668 million from express and courier shipments (PostCom annual report 2025)..

According to Val Index analysis of Swiss commercial-register and federal data (2026), Switzerland counts 406 courier & last-mile delivery companies — Courier, express and private postal companies in 2024 (BFS STATENT, NOGA 53.20), down from 445 in 2020. Swiss Post's universal-service companies are counted separately (NOGA 53.10: 19 units, 30,120 employees)..

2.0Industry Overview

Market Scope

The Swiss parcel, express and courier market earned CHF 2.5 billion in 2025, according to the postal regulator PostCom: CHF 1,867 million from standard parcels (+4.4%) and CHF 668 million from express and courier shipments (+1%, the first rise after three years of decline). Revenue and volume grew about 4%, and shipment volume passed its 2021 record for the first time. The growth came from abroad: imports rose about 12%, driven by platforms such as Temu and Shein, while national shipments, still three quarters of the volume, grew 2–3%. In 2024 BFS counted 406 courier, express and private postal companies with 12,779 employees (STATENT, NOGA 53.20); Swiss Post's universal-service companies are counted separately.

3.0Industry Health Check (SWOT)

Internal factors

Strengths4

Growing parcel volumes from domestic and foreign online retail

Weaknesses4

Thin margins on standard parcels→ §5.0

External factors

Opportunities4

Imports from foreign platforms (+12% in 2025)

Threats4

Price pressure from large networks and platforms

Sector Outlook

DefensiveBalancedGrowth

4.0Key Trends

Market back above its 2021 record

Revenue and volume in the parcel, express and courier market grew about 4% in 2025, and shipment volume passed the 2021 record for the first time (PostCom).

Imports drive growth

12%

Imported shipments grew about 12% in 2025; 35% of Swiss consumers said their last cross-border order came from China (PostCom, citing International Post Corporation).

Express and courier recover slightly

Express and courier revenue rose 1% to CHF 668 million in 2025 after three years of decline, while standard parcels grew 4.4% to CHF 1,867 million.

Swiss Post parcels grow again

3.1%

Swiss Post delivered 176 million domestic parcels in 2025 (169 million in 2024) and 23 million between Black Friday and Christmas, 3.1% more than a year earlier.

Fewer, larger courier firms

16%

BFS counted 406 courier companies in 2024, down from 445 in 2020; their headcount fell 16% while full-time equivalents stayed flat.

5.0Cost Structure Benchmark

50%

18%

12%

Personnel50%: drivers, couriers, sorting
Vehicles, fuel and energy18%
Hubs, depots and rent12%
IT, administration and other12%
EBITDA margin8%

Indicative split for a Swiss regional courier or parcel firm, not a measured figure. A measured reference: Swiss Post earned an operating result of CHF 332 million on revenue of CHF 7,305 million in 2025 (about 4.5%), with parcels earning thinner margins than letters.

6.0Top Courier & Last-Mile Delivery Companies in Switzerland

Name	Location	Key Facts
Swiss Post (Post CH)CHE-435.551.225	Bern BE	Post CH AG: Swiss Post's operating company for letters and parcels, holding about 86% of the universal-service market (PostCom). 176 million domestic parcels in 2025; peak day 2 December 2025 with 1.3 million parcels.
DPD SwitzerlandCHE-102.294.149	Buchs ZH	DPD (Schweiz) AG: second-largest parcel network, part of Geopost (French La Poste group), founded in 1993. 25 million parcels in 2025, 1,200 employees, 11 depots and 1,000 pickup parcel shops.
Planzer (Planzer Paket)CHE-149.541.792	Dietikon ZH	Planzer Transport AG: Swiss transport group in Dietikon; its parcel service Planzer Paket runs branches across Switzerland. PostCom names Planzer among the main private parcel carriers.
DHL Express SwitzerlandCHE-105.901.000	Basel BS	DHL Express (Schweiz) AG: Swiss express company of the DHL group, registered in Basel; PostCom names it among the main private carriers.
VeloblitzCHE-106.776.619	Zurich ZH	Genossenschaft Veloblitz: cooperative courier in Zurich whose purpose is environmentally friendly courier, transport and logistics services.

Swiss Post (Post CH)

CHE-435.551.225

Bern BE

Post CH AG: Swiss Post's operating company for letters and parcels, holding about 86% of the universal-service market (PostCom). 176 million domestic parcels in 2025; peak day 2 December 2025 with 1.3 million parcels.

DPD Switzerland

CHE-102.294.149

Buchs ZH

DPD (Schweiz) AG: second-largest parcel network, part of Geopost (French La Poste group), founded in 1993. 25 million parcels in 2025, 1,200 employees, 11 depots and 1,000 pickup parcel shops.

Planzer (Planzer Paket)

CHE-149.541.792

Dietikon ZH

Planzer Transport AG: Swiss transport group in Dietikon; its parcel service Planzer Paket runs branches across Switzerland. PostCom names Planzer among the main private parcel carriers.

DHL Express Switzerland

CHE-105.901.000

Basel BS

DHL Express (Schweiz) AG: Swiss express company of the DHL group, registered in Basel; PostCom names it among the main private carriers.

Veloblitz

CHE-106.776.619

Zurich ZH

Genossenschaft Veloblitz: cooperative courier in Zurich whose purpose is environmentally friendly courier, transport and logistics services.

7.0Succession & M&A Context

Regional couriers sell to networks

CHF 2.5bn: parcel, express and courier market in 2025 (PostCom)
406: courier and express companies in 2024 (BFS STATENT)
207: registered postal service providers, May 2025 (PostCom)
4.0–6.0×: EBITDA deal multiples (ValIndex multiples table)

The national parcel market is held by Swiss Post and a few large private networks. Below them, regional couriers, bicycle couriers and express firms are mostly small and owner-run: BFS counted 406 companies in 2024, 39 fewer than in 2020. Buyers pay for recurring B2B contracts, city coverage and specialised services; they discount for dependence on one client and for ageing fleets. ValIndex's multiples table puts courier and last-mile firms at 4.0–6.0× EBITDA in transactions and 3.0–4.5× on statutory valuations.

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Valuation Snapshot

Courier & Last-Mile Delivery business valuation in Switzerland

Statutory Multiple (EBITDA): 3.0 - 4.5×
Deal Multiple (EBITDA): 4.0 - 6.0×
Market Trend: Rising

Indicative ranges based on market research. Actual multiples vary by company size, growth, and market conditions.

8.0Regional Clusters

Zurich

97 courier and express companies with 1,513 employees in 2024 (BFS STATENT, NOGA 53.20), the most units of any region; DPD Switzerland is registered in Buchs (ZH).

Western Switzerland

VDGEFRVSNEJU

84 companies with 1,981 employees.

Northwestern Switzerland

AGBLBS

72 companies with 4,228 employees, the largest headcount; DHL Express Switzerland is registered in Basel.

Bern and Solothurn

BESO

50 companies with 4,057 employees, an average of 81 per unit.

Central Switzerland

LUSZZGOWURNW

41 companies with 304 employees.

Eastern Switzerland

SGTGGRSHARAIGL

38 companies with 468 employees.

Ticino

15 companies with 225 employees.

Sources

PostCom — Jahresbericht 2025 (KEP market 2025: standard parcels CHF 1,867m +4.4%, express and courier CHF 668m +1%, imports +12%; 207 registered providers; Post CH ~86% of universal service; 96.2% E+1 parcels on time)Federal Council — Kurzbericht über die Erreichung der strategischen Ziele der Post 2025 (domestic parcels 176m vs 169m; operating result CHF 332m; revenue CHF 7,305m)BFS STATENT — institutional units, employees and FTE by NOGA type and canton, 2011–2024 (NOGA 532000 other postal, courier and express services; 531000 universal service)Swiss Post — Mehr Pakete zu Weihnachten als letztes Jahr (23 million parcels Black Friday to Christmas 2025, +3.1%; 1.3 million on 2 December)Geopost — DPD Switzerland (1,200 employees; 25 million parcels in 2025; 11 depots; 1,000 pickup shops; founded 1993)paketda — Schweizerische Post: Ergebnis 2025 (parcel margins lower than letters; operating result CHF 332m)Handelsverband.swiss — Die Post stellt vor und nach Black Friday 7,9 Millionen Pakete zu Zefix — Swiss Central Business Name Index (key players; notime (Schweiz) AG in Liquidation; Genossenschaft Veloblitz, Zürich)

Alain Walder, M.A. HSG · ValIndex|Data as of 2026-10|8 sources cited

9.0Frequently Asked Questions

▶How much is a courier company worth in Switzerland?

ValIndex's multiples table puts Swiss courier and last-mile firms at 4.0–6.0× EBITDA in transactions and 3.0–4.5× EBITDA on statutory valuations. Firms with recurring B2B contracts, specialised services (medical, laboratory, time-critical) and a modern fleet sit at the upper end; firms dependent on one platform or subcontracting for a large network sit lower.

▶What drives the value of a Swiss courier or last-mile company?

Buyers price: (1) recurring B2B contracts and their duration; (2) client concentration; (3) specialised services such as medical or same-day transport; (4) fleet age and electrification; (5) drivers and couriers employed rather than subcontracted; (6) city coverage that a national network lacks.

▶How big is the Swiss parcel, express and courier market?

PostCom puts the Swiss parcel, express and courier market at about CHF 2.5 billion in 2025: CHF 1,867 million from standard parcels and CHF 668 million from express and courier shipments. Revenue and volume grew about 4%. BFS counted 406 courier and express companies with 12,779 employees in 2024.

▶Who are the main parcel and courier companies in Switzerland?

Swiss Post (Post CH) dominates, with about 86% of universal-service products. PostCom names DPD, Planzer and DHL Express as the main private carriers. DPD delivered 25 million parcels in 2025. Below them sit many regional, bicycle and same-day couriers such as the Veloblitz cooperative in Zurich.

▶What are the key trends in Swiss courier and last-mile delivery?

Five trends: (1) the market grew about 4% in 2025 and passed its 2021 volume record; (2) imports grew about 12%; (3) express and courier revenue rose 1% after three years of decline; (4) Swiss Post's domestic parcels grew from 169 to 176 million; (5) the number of courier companies fell from 445 in 2020 to 406 in 2024.

▶What are the main risks when buying a Swiss courier company?

The main risks are: (1) price pressure from large networks and platforms; (2) dependence on one client or platform; (3) driver shortages and wage costs; (4) investment in electric vehicles; (5) platforms building their own delivery. Due diligence should check contracts, client concentration, subcontractor use, fleet condition and employment status of couriers.

▶How many parcels does Swiss Post deliver?

Swiss Post delivered 176 million domestic parcels in 2025, up from 169 million in 2024 (Federal Council report on Swiss Post). Between Black Friday and Christmas 2025 it delivered 23 million parcels, 3.1% more than a year earlier, with a record 1.3 million on 2 December.

▶Where are Swiss courier companies located?

Using BFS figures for 2024 (NOGA 53.20): Zurich has the most companies (97, with 1,513 employees), followed by Western Switzerland (84; 1,981) and Northwestern Switzerland (72; 4,228, the largest headcount). Bern and Solothurn have 50 companies with 4,057 employees, Central Switzerland 41 (304), Eastern Switzerland 38 (468) and Ticino 15 (225).

Courier & Last-Mile Delivery