Tag: Finland

Post offices target key role in financial services delivery

Posted by | Apr 1, 2005 | |

Given postal service operators’ extensive branch networks, the provision of financial services is a natural choice for those operators seeking to diversify their revenue streams and fulfil government obligations to provide universal banking services. New research from VRL Publishing* reviews the evolving role played by post offices in the distribution of retail financial services and the opportunities and threats posed to traditional bank providers.

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IPC UNEX results 2004

Posted by | Mar 4, 2005 | |

External Quality of Service Monitoring,Improving the Quality of International Mail.
Quality of service among Postal operators in Europe continued at a high level in 2004 in spite of restructuring and change management demands on postal operations preparing for postal liberalisation. Overall, IPC members delivered 93.7 per cent of first class international letters in Europe within three days of posting (J+3), and 98.4 per cent within five days (J+5). Average delivery time was just 2.2 days.
Quality of service performance was measured by IPC’s UNEX end-to-end monitoring
system. The results show that both speed (J+3) and reliability (J+5) were again far above the European Union’s (EU) performance objectives for delivery of 85 per cent of intra-EU mail within three days, and 97 per cent within five days.
P:LibraryPostalIPC 2004_UNEX_Results.pdf

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Finnish Postal Authority to close, Privatise 100 Post Offices

Posted by | Mar 4, 2005 | |

Finland’s national postal services provider Suomen Posti will close down or privatise 100 of its post offices in Finland in 2005 and 2006, it was reported on March 4, 2005.

The company has published a list of 30 offices which are due for closure or privatisation in the spring of 2005. Thirty offices more will be closed down or privatised in the autumn of 2005 and the remaining 40 in 2006.

Post offices will be privatised only in case there is a company which is willing to buy and run them. Otherwise Suomen Posti will look for retailers in the affected regions, which will handle the post.

Suomen Posti’s strategy is to reduce the number of its post offices in order to cut costs.

In Sweden, local postal authority Posten Sverige, closed down all its post offices some years ago. Currently all post in Sweden is handled by supermarkets, small shops, video shops and other retailers.

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Company acquisitions and steady volume growth contribute to net turnover for Finland Post

Posted by | Mar 2, 2005 | |

Finland Post Group’s consolidated net turnover for 2004 rose to EUR 1,235.2 million, or by 8 per cent on a year earlier, stemming from company acquisitions in 2003 and 2004 and growth in delivery volumes. Consolidated operating profit climbed to EUR 95.2 million, up 29 per cent year on year, accounting for 7.7 per cent (6.4 per cent) of consolidated net turnover. Operating profit rose by EUR 15.6 million, or 22.1 per cent, if non-recurring items are taken into account. This improvement was a result of cost-efficiency gains achieved in production and Group functions. Profit for the financial year totalled EUR 69.6 million (EUR 46.8 million).

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Letter prices in Europe

Posted by | Jan 1, 2005 | |

Deutsche Post report of current international letter price comparison.
Compares: Belgium / Denmark / France / Germany / Italy / Netherlands / Norway / Republic of Ireland / Spain / Sweden / Switzerland / UK / Austria / Finland / Greece / Luxembourg / Portugal /
P:LibraryPostalLetter prices in Europe Dpost report.pdf

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