Outlook for 2021
Posti is adjusting its outlook for 2021. The net sales is expected to increase (vs. previously communicated remain on same level). The adjusted EBITDA is expected to remain at the previous year’s level (vs. previously communicated decrease from the previous year).
The new outlook states:
In 2021, Posti is expecting its net sales to increase from the previous year, excluding possible new acquisitions and divestments. The Group’s adjusted EBITDA in 2021 is expected to remain at the previous year’s level. In 2020, Posti’s net sales were EUR 1,613.6 million and adjusted EBITDA was EUR 186.5 million.
The COVID-19 situation and the following economic recovery continues to make the macro-economic outlook difficult to predict and causes some uncertainty to Posti’s full-year outlook.
The Group’s business is characterized by seasonality. Net sales and operating result in the segments are not accrued evenly over the year. In Postal Services and consumer parcels, the first and fourth quarters are typically strong, while the second and third quarters are weaker. The postal service volume decline is expected to continue.
(Updated and published on August 11, 2021, in the half-year report)