Air Freight and Logistics
Company Overview of Posti Group Oyj
Posti Group Oyj, through its subsidiaries, provides postal, letter, logistics, and e-commerce services. It offers road freight services that include groupage transportation, partial truck loads, full truck loads, hanging garment transport, oversized transportation and dangerous materials, and industry-specific cargo handling; air and sea freight services; and rail freight services with its own vehicles and a hired fleet of rolling stock and containers. The company also provides electronic customs clearance services; Itella SmartShip, an online booking system that enables the client to book and manage all shipments with one tool; and domestic and international parcel services for business and...
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
Acting Managing Director of Itella Logistics A/S
Managing Director of Opuscapita Branch
Managing Director of Itella Information As
Compensation as of Fiscal Year 2014.
Posti Group Oyj Key Developments
Itella Russia Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Provides Production Guidance for the Next Six Months of 2015
Apr 30 15
Itella Russia announced unaudited earnings results for the first quarter ended March 31, 2015. Measured in local currency, the company's net sales decreased by 1.2% in JanuaryMarch. Net Sales were EUR 27.7 million against EUR 41.5 million a year ago. The decrease in Net Sales were due to weak demand for transport services and low processing volumes in warehousing operations. Volumes declined significantly towards the end of the first quarter. The business group's operating loss before non-recurring items was EUR 0.9 million against EUR 2.2 million a year ago. Measured in local currency, profitability improved year-on-year. The operating loss improved to EUR 1.0 million against EUR 2.2 million a year ago. The positive development of the operating result is attributable to higher net sales of warehousing services, hedging gains and the improved efficiency of warehouses.
The current expectation is that volumes will remain low for at least the next six months of 2015.
Posti Group Oyj Announces Unaudited Consolidated and Parent Earnings Results for the First Quarter Ended March 31, 2015; Provides Group Earnings Guidance for the Fiscal 2015
Apr 30 15
Posti Group Oyj announced unaudited consolidated and parent earnings results for the first quarter ended March 31, 2015. For the quarter, the group reported net sales of EUR 435.9 million was EUR 470 million a year ago. The operating result before non-recurring items improved and amounted to EUR 20.6 million against EUR 17.6 million a year ago. Operating result (EBIT) was EUR 20.5 million against EUR 4.3 million a year ago. Result before income tax was EUR 21.3 million against EUR 2.1 million a year ago. Result for the financial period was EUR 15.9 million against EUR 4.0 million a year ago. Return on equity (12 months) was 1.2% against 1.0% a year ago. Capital expenditure amounted to EUR 14.4 million against EUR 10.5 million a year ago. The group invested in vehicles, production projects and parcel points in January-March. The consolidated cash flow from operating activities before capital expenditure was EUR 35.2 million against EUR 27.4 million a year ago. The group's interest-bearing liabilities were EUR 294.3 million against EUR 297.1 million a year ago.
For the quarter, the parent company reported net sales were EUR 491.7 million was EUR 470 million a year ago. Operating result (non-IFRS) was EUR 23.5 million against EUR 17.6 million a year ago. Operating result (EBIT) was EUR 10.9 million against EUR 4.3 million a year ago. Result before taxes was EUR 33.6 million against EUR 2.1 million a year ago. Result for the period was EUR 24.8 million against EUR 4.0 million a year ago. Return on equity (12 months) was 1.2% against 1.0% a year ago. Gross capital expenditure was EUR 16.5 million against EUR 12.8 million a year ago.
Net sales and operating profit in the business groups are not accrued evenly over the year. In Postal Services and consumer parcels, the first and fourth quarters are typically strong, while the second and third quarters are weaker. The development of exchange rates, especially the ruble exchange rate, may affect the group's net sales, result and balance sheet. Comparable net sales in euros for 2015 are expected to decrease significantly compared to 2014. The group's operating result before non-recurring items is expected to decline. The operating result for 2015 will continue to include significant non-recurring items. There is significant uncertainty related to the development prospects of the result achieved in Russia. Investments are expected to increase from 2014.
Posti Group Corporation Plans to Expand Service Point Network
Apr 29 15
Posti Group Corporation has announced plans to expand its service point network with about 100 new service points. As a part of the renewal, the company plans to transfer some services of its outlets to be managed by its partners. By making these changes the company wants to meet the customers' needs by offering longer opening hours, individual flexibility and new online services. The renewal of Posti's service point network aims to make it easier for people to visit Posti while taking care of their everyday activities.
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