Air Freight and Logistics
Company Overview of Posti Group Oyj
Posti Group Oyj provides postal, logistics, and e-commerce services to media, and trade and service industries worldwide. It offers transport and freight services, including road freight, air and sea freight, rail freight, customs and forwarding, and parcels, as well as Itella SmartShip, an online booking system that enables users to book and manage various shipments; and warehousing services, such as supplementary, supply chain outsourcing, and other services. The company also provides mail and marketing services that include direct marketing, letter services, and newspaper and magazine publications; and logistic and e-commerce services, which comprise warehousing-contract logistics, sortin...
Postintaival 7 A
Founded in 1638
Key Executives for Posti Group Oyj
Chief Executive Officer, President and Member of Executive Board
Chief Financial Officer and Member of Executive Board
Vice President of Operations and Member of Executive Board
Member of Management Board and Chief Executive Officer of Posti Kiinteistöt
Acting Managing Director of Itella Logistics A/S
Compensation as of Fiscal Year 2017.
Posti Group Oyj Key Developments
Posti Group Oyj Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017; Announces Impairment Losses for the First Quarter Ended March 31, 2017; Provides Earnings Guidance for the Year 2017
Apr 28 17
Posti Group Oyj announced unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company's net sales were EUR 413.8 million compared with EUR 386.1 million a year ago. Operating result was EUR 10.0 million compared with EUR 0.6 million a year ago. Result before income tax was EUR 9.7 million compared with loss before income tax of EUR 0.6 million a year ago. Result for the period was EUR 5.9 million compared with EUR 0.1 million a year ago. Cash flow from operating activities was EUR 3.5 million compared with EUR 29.1 million a year ago. Gross capital expenditure was EUR 24.4 million compared with EUR 11.4 million a year ago. Adjusted EBITDA was EUR 35.5 million against EUR 29.8 million a year ago. The higher profitability was particularly attributable to the improved results in logistics and Russian operations. The year-on-year improvement in the result was partly due to Easter falling in April 2017, which affects the distribution of the result between the first and second quarter. EBITDA was EUR 30.0 million against EUR 21.2 million a year ago. Adjusted operating result was EUR 15.5 million against EUR 10.8 million a year ago. Net debt as on March 31, 2017 was EUR 65.5 million against EUR 88.1 million as on March 31, 2016. Return on equity was 5.1% compared with 3.9% a year ago.
The company announced impairment losses of EUR 0.1 million for the first quarter ended March 31, 2017.
The company provided earnings guidance for the year 2017. For the year, net sales in euros are further expected to increase compared to the previous year. The group's adjusted operating result is further expected to remain on par with the previous year. The operating result for 2017 will include significant special items.
Posti Group Announces Board Appointments
Mar 27 17
Posti Group Oyj at the AGM held on March 27, 2017 approved the appointment of Markku Pohjola as the Chairman of the Board of Directors and Eero Hautaniemi as member of Board of Directors.
Posti Group Oyj, Annual General Meeting, Mar 27, 2017
Mar 27 17
Posti Group Oyj, Annual General Meeting, Mar 27, 2017. Agenda: To consider dividend; and to consider election of Board of Directors.
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