Posti Group Defies Decline in Turnover with Improved Profitability and Focus on Efficiency

The Posti Group experienced a decline in turnover in January-March due to a drop in demand and political strikes, citing these factors as contributing factors. Despite the 3.9 percent decrease in turnover to 382.1 million euros, the adjusted operating profit increased to 21.2 million euros, up from 9.6 million euros the previous year.

Despite the decline in turnover, Posti Group expects its net sales and adjusted EBITDA to remain at last year’s level for the current year. Acting managing director Timo Karppinen attributed the improved profitability in the first quarter to cost control measures. Despite market uncertainty affecting net sales in the quarter, the focus remains on ensuring efficiency in all operations moving forward.

Karppinen will continue to lead the group until the new CEO, Antti Jääskeläinen, assumes the role after the summer holidays. Jääskeläinen was formerly a business area manager at UPM and will take over from Karppinen in leading Posti Group. The company is owned by the Finnish state.