Tag: Finland

Finland Post receives gold level certification from EMS cooperative

Posted by | May 7, 2007 | |

In Bern, Switzerland, at the end of April, EMS Cooperative under the Universal Postal Union (UPU) awarded Finland Post Corporation Gold Level Certification for its Express Mail Service (EMS) quality in Finland in 2006. This was the first time Finland Post achieved such certification.

EMS Cooperative measures the EMS service quality of all of its 140 member countries’ postal operators, using the quality of EMS performance, service and item tracking as indicators. Based on these criteria, it awards gold, silver and bronze level certifications to its member countries’ postal operators. Finland Post received a Silver Award in 2005 and a Bronze Award in 2001 and 2002.

– I am confident that this award will enhance Finland Post’s world-wide recognition as an efficient and reliable delivery operator in Finland. We hope that this will also increase our volume of parcels from abroad, says Eemeli Vaheristo, Product Manager.

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Finland Post becomes Itella

Posted by | Mar 27, 2007 | |

As of 1 June 2007, the name of Finland Post Corporation will become Itella Corporation. At the same time, the entire Group will become the Itella Group. The Post’s consumer customers in Finland will not be affected by the change as they will continue to be served under the name “Posti”.

The change of name is based on the fact that, during recent years, the Finland Post has changed from a company conducting only postal services to one offering versatile data and material flow management services.

This change is also required by the internationalisation of the Finland Post Corporation. In addition to Finland, the Group now operates in eight Northern European countries, accounting for 23 per cent of the net turnover. Companies and other organisations account for 95 per cent of the Group’s turnover.

The Finnish consumer will hardly notice the change of name. In the future, post offices, mail carriers, mailboxes, consumer websites and communication and marketing directed at consumers will bear the familiar and trusted name of “Posti”.

Since the beginning of 2007, the Finland Post has used the Itella marketing name in all Group services offered to, and operations directed at, companies and organisations. Finnish consumers will be served under the name “Posti”. The change of the name of the parent company and the entire Group to Itella will also support the brand overhaul that has already taken place.

The names of the company’s subsidiaries will also be standardised during 2007 in all nine countries. Logistics’ subsidiaries will use the name Itella Logistics, and Information Logistics’ subsidiaries will use Itella Information Logistics.

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Finland Post 2006 Net Profit Up to 67.7 Mln Euro

Posted by | Feb 16, 2007 | |

Finland Post Group said its net profit went up to 67.7 mln euro (USD88.9 mln) in 2006 from 64 mln euro (USD84 mln) in 2005, on the back of a 15 pct rise in net sales.

The board will propose a dividend payment of 0.675 euro (USD0.89) per share for 2006.

Finland Post acquired Norwegian logistics company Universal Spedisjon AS in the third quarter of 2006. The company was consolidated in the group’s accounts in September 2006.

In September 2006 Finland Post sold its 49 pct stake in the transport joint venture Kelpo Kuljetus Fi Oy to its partner DHL. Under the agreement, Finland Post bought Kelpo Kuljetus regional transport business from DHL.

In the autumn of 2006, the group also signed a lease agreement for a 20,000 sq m logistics centre in Moscow. Finland Post will start Russian operations in the spring of 2007.

Finland Post had 25,294 employees in 2006.

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Finland Post Annual Report

Posted by | Feb 16, 2007 | |

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.’

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