Posti Group experienced a decline in turnover in January-March due to a drop in demand and political strikes. Despite the 3.9 percent decrease in turnover to 382.1 million euros, the adjusted operating profit increased to 21.2 million euros, up from 9.6 million euros the previous year. The decline in demand and the impact of political strikes at the beginning of the year were identified as reasons behind the decline in turnover by the group.
Despite market uncertainty affecting net sales in the quarter, Posti Group expects its turnover and adjusted EBITDA to remain at last year’s level for the current year. Acting managing director Timo Karppinen attributed the improved profitability in the first quarter to cost control measures, with a focus on ensuring efficiency in all operations moving forward.
Karppinen will continue to lead the group until the new CEO, Antti Jääskeläinen, assumes the role after the summer holidays. Jääskeläinen, formerly a business area manager at UPM, will take over from Karppinen in leading Posti Group. The company is owned by the Finnish state.