Finland Post Annual Report
Finland Post Annual Report
Finland Post’s Financial Statements for 2006: Growth through International Logistics
• Consolidated net sales amounted to EUR 1,550.6 million, up 15 per cent. The strongest growth was in international logistics services. Of consolidated net sales, 23 per cent came from outside Finland.
• Operating profit totalled EUR 89.0 million, down 9% year on year. Operating margin stood at 6 per cent.
• Like-for-like operating profit improved by 3 per cent over the previous year.
• EUR 4.2 million transferred to the Personnel Fund, biggest in Finland.
Statement by Jukka Alho, President and CEO:
‘Finland Post aims to grow profitably and strengthen its position as an intelligent logistics services provider in northern Europe. In 2006, consolidated net sales rose by 15 per cent, most of this growth coming from outside Finland. However, in spite of a slight improvement in like-for-like operating profit, we cannot rest content with our cost trends.
Mail Communication increased its market share in direct marketing services. A fall in addressed letter mail volumes mainly affected 1st class letters. Over the next few years, the transformation currently underway in letter mail will require continuous adjustments while presenting us with major challenges in terms of improving our profitability.
Information Logistics was successful in data management services in particular, with customers e.g. in the banking sector outsourcing extensive business processes.
Acquisitions enabled Logistics to establish a foothold in Norway and Sweden and the business group reinforced its international transport network by entering into major partnerships in Europe. Logistics’ operations will also expand eastwards when the Moscow Logistics Centre opens in spring 2007.’
FOR FURTHER INFORMATION, PLEASE CONTACT
Jukka Alho, President & CEO, tel. +358 (0)20 451 5600, [email protected]
Tuija Soanjärvi, CFO, tel. +358 (0)20 45 20907, [email protected]
www.posti.com
APPENDICES
Board of Directors’ Report
Income Statement and Balance Sheet
Finland Post Group
Finland Post Group is an intelligent logistics services company providing customers with solutions for information and material flow management. The Group operates in nine northern European countries. In 2006, it reported a turnover of €1,550 million, employing some 24,800 staff. The Group’s corporate services are delivered under the Itella brand, while the Posti brand is used for services targeted at Finnish consumers. The operations are organised into three business groups: Mail Communication, Information Logistics and Logistics. For more information, please visit www.posti.com.
