Itella: New horizon. New business. New name. Post-Expo 2007.
Itella: New horizon. New business. New name. Post-Expo 2007.
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German Study Looks at Adjacent Postal Markets – 1,500 Companies with a Market Volume of EUR 16.5bn
The Federal Network Agency in 2007 commissioned a research project on the markets for upstream and downstream postal services. It has published the findings today. MICUS Management Consulting GmbH analysed the markets for direct mail, transaction printing, address management, mailroom outsourcing, response processing and document storage, collecting data on market volumes, provider structure, pricing and the intensity of competition. The study also looked at the linkage between the areas analysed. The study found there to be around 500 medium-sized and large companies (more than 10 members of staff) and 800 to 1,000 small companies operating in adjacent postal markets, generating a volume of around €16.5bn. Almost three quarters of this volume is accounted for by direct mail services. Currently, a trend towards outsourcing mailrooms can be observed amongst the customers, while providers are seen to be expanding the value chain to increase their margins and strengthen customer loyalty. To date, there has been little analysis of the markets for upstream and downstream postal services. The MICUS study is one of the first to explore these areas. It was occasioned by the Agency’s desire to gather information on the potential for leveraging market power into adjacent areas, so that it could recognise and assess the potential for abuse.
Study (in German)
Read MoreItella and Alma Media partner up in eCommerce
Itella and Alma Media have concluded a co-operation agreement pertaining to Alma Media’s new Mikko.fi eCommerce concept. Itella will offer mailing and transport services to Alma Media’s web service customers as of 15 September, and Mikko.fi will also serve as a marketing channel for Itella’s services.
At the Mikko.fi portal, owned and maintained by Alma Media, service users can sell, buy, rent or auction goods and services over the Internet. Both consumers and corporations can act as sellers.
The web service places Itella’s parcel services comprehensively at the sellers’ disposal, including parcel address label printing, pricing and transport services. As a seller places a product for sale with the service, (s)he can select the required delivery method for it, price the item and print an address label using a personal computer. Simultaneously, the information is transferred into Itella’s transport system.
The identifier on the address label allows both the recipient and the seller of the parcel to track its route on the Internet, and advance notification of the arriving parcel will be sent as a text message or eLetter. The parcel will be delivered either directly to the recipient’s home address or the nearest post office. Later, the aim is to link further Itella services to the Mikko.fi service, in support of buying and selling on the Internet. Itella Group uses the name Posti on the Mikko.fi portal, providing consumer services under that name.
Read MoreItella: consolidate income statement balance sheet Q2 2007
Itella: consolidate income statement balance sheet Q2 2007
Read MoreFavorable economic trend boosts Itella’s result
Interim report for January–June 2007
• Q2 net sales grew by 9 per cent, coming to EUR 408.2 million (376.0). Six-month net sales grew by 10 per cent, coming to EUR 839.7 million (760.9).
• All business groups reported improvements in net sales, Itella Logistics in particular. Organic growth was 5 per cent for Q2 and 6 per cent for the six-month-period. In both periods, international operations represented 25 per cent of consolidated net sales.
• Q2 consolidated operating profit improved by 37 per cent, to EUR 19.7 million (14.4), accounting for 4.8 per cent (3.8 per cent) of consolidated net sales. Six-month consolidated operating profit grew by 26 per cent, to EUR 65.6 million (52.0), accounting for 7.8 per cent (6.8 per cent) of consolidated net sales. Itella Mail Communication and Itella Information reported improved operating profit.
• Itella Mail Communication launched a major project to develop mail sorting and delivery. The project involves investments of EUR 150 million over the next few years in equipment, IT systems and premises in Finland.
• New logistics centres started operating in Moscow and Kaunas, Lithuania. A contract was signed in May on the construction of a logistics centre in St. Petersburg, due to begin operating in early 2008.
• Company acquisitions by Itella Logistics continued with the purchase in Finland of SHW Logistiikka Oy, a furniture business service operator and, in Sweden, that of PS Logistics AB in July.
• A change of company name took effect in early June, as Finland Post was renamed Itella Corporation. Consumer service provision in Finland continues under the marketing name, ‘Posti’.
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