Despite the decline in turnover, Posti Group saw an improvement in profitability in January-March compared to the previous year. The interim report indicates that the group’s turnover decreased by 3.9 percent to 382.1 million euros, but the adjusted operating profit increased to 21.2 million euros, up from 9.6 million euros at the same time last year. According to Acting managing director Timo Karppinen, cost control and market uncertainties impacting net sales were responsible for the improvement in profitability, despite political strikes affecting Posti’s storage and weakening its business area’s turnover at the beginning of the year.
Posti expects its turnover and adjusted EBITDA to remain at last year’s level for the rest of the year. Karppinen will continue to lead the group until the new CEO, Antti Jääskeläinen, takes over after the summer holidays. Jääskeläinen previously worked as a business area manager at UPM and is set to lead Posti Group in the future following the departure of former CEO Fur Kuusisto to Finnair. Posti Group is a state-owned company in Finland.
