Financial Statement of Finland Post Corporation for 2001
Financial Statement of Finland Post Corporation for 2001:Profit decreased, growth business areas progressed
Net turnover at nearly the same level as for the previous year
-EUR 1,046.1 (1,068.9) million, (-2%)
-Comparable net turnover increased 4%
-First year without banking services
-Security transport business sold
Operating profit decreased to EUR 32.0 (92.0) million (65%)
-Comparable operating profit decreased by EUR 29 million (34%)
-Costs for the restructuring of the post office network at their highest
-Returns from pension fund investments decreased, TEL employment pension contributions increased
-Significant increase in depreciations
Growth business areas performed well
-Electronic Messaging Services grew to EUR 78.9 million (+29%)
-Comparable net turnover for Logistics Services increased by 21%
The Post’s traditional core business remained stable
-Volume of letters declined slightly
-Growth in magazine and newspaper volumes
-Direct mail services declined in line with the general trend in the sector
-Net turnover of parcels services increased
Achieved leading position in the Nordic market for electronic document management and printing
-Finland Post Group acquired the entire stock capital of Atkos Oy
-Acquisition of Capella Group AB gives access to the Nordic markets
Corporate logistics services expanded and diversified
-Service warehousing became focus for logistics services
-IT-based e-commerce solutions developed FURTHER INFORMATION: President and CEO Jukka Alho, tel. +358 (0) 204 51 5600, CFO Vesa Vertanen, tel. +358 (0) 204 51 5073 Finland Post Group’s financial statement as a whole is published in Finnish, Swedish, and English at www.posti.fi
