The Group’s business is characterized by seasonality. Net sales and operating profit in the segments are not accrued evenly over the year. In Postal Services, the first and fourth quarters are typically strong, while the second and third quarters are weaker.
The development of exchange rates, especially the ruble exchange rate, may affect the Group’s net sales, result and balance sheet.
Net sales in euros for the year are further expected to increase compared to the previous year. The Group’s adjusted operating result is expected to remain on par with the previous year or decrease slightly. The operating result for 2017 will include significant special items. Previously the adjusted operating result was expected to remain on par with previous year.
Capital expenditure excluding possible mergers and acquisitions is expected to increase from the previous year.