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August 01, 2015 6:20 AM ET

Air Freight and Logistics

Company Overview of Posti Group Oyj

Company Overview

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 eCommerce services, which comprise warehousing-contract logistics, sorting...

Postintaival 7 A

Helsinki,  00230

Finland

Founded in 1638

Phone:

358 20 4511

Fax:

358 2045 14414

Key Executives for Posti Group Oyj

Chief Executive Officer, President and Member of Executive Board
Age: 53
Chief Financial Officer and Member of Executive Board
Age: 48
Acting Managing Director of Itella Logistics A/S
Managing Director of Opuscapita Branch
Managing Director of Itella Information As
Compensation as of Fiscal Year 2015.

Posti Group Oyj Key Developments

Itella Russia Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Itella Russia announced unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's net sales decreased by 10.4%. Euro-denominated net sales decreased by 27.1% to EUR 31.1 million. The decrease in Net Sales were due to the weak overall economic situation, which was reflected in lower warehousing, processing and transport volumes. The business group's operating loss before non-recurring items was EUR 2.0 million. The operating loss was EUR 2.2 million. The decrease in the operating result was attributable to lower volumes as well as the development of the ruble exchange rate and the currency basis of lease expenses. Operational efficiency was improved, particularly in warehousing. For the six months, net sales decreased by 5.9%. The decrease in Net Sales were due to weak demand for transport services and low processing volumes in warehousing operations. The second quarter was weaker than the first. The current expectation is that volumes will remain low until the end of the year. The business group's operating loss before non-recurring items was EUR 2.9 million. The decrease in the operating result was attributable to lower volumes as well as the development of the ruble exchange rate and the currency basis of lease expenses. The operating loss declined to EUR 3.2 million.

Posti Group Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Posti Group Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, net sales were EUR 406.3 million against EUR 461.9 million a year ago. Operating result was EUR 27.9 million against operating loss of EUR 2.1 million a year ago. Result before income tax was EUR 22.8 million against loss before income tax of EUR 4.1 million a year ago. Result for the financial period was EUR 17.0 million against loss of EUR 3.8 million a year ago. Gross capital expenditure was EUR 15.5 million compared to EUR 18.1 million a year ago. For the six months, net sales were EUR 842.2 million against EUR 931.9 million a year ago. Operating result was EUR 48.4 million against EUR 2.2 million a year ago. Profit before income tax was EUR 44.2 million against loss of EUR 2.1 million a year ago. Profit for the financial period was EUR 32.8 million against EUR 0.2 million a year ago. Cash flow from operating activities was EUR 33.3 million compared to EUR 43.9 million a year ago. Purchase of intangible assets was EUR 8.8 million compared to EUR 3.6 million a year ago. Purchase of property, plant and equipment was EUR 19.7 million compared to EUR 20.4 million a year ago. Return on equity was 4.4% compared to 2.2% a year ago. Gross capital expenditure was EUR 32.0 million compared to EUR 30.9 million a year ago.

Itella Russia Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Provides Production Guidance for the Next Six Months of 2015

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.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 15, 2015
Posti Group Oyj, Scandinavian Road Transport Business
 

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