Outlook for 2020 (updated on April 29, 2020)
Posti Group Corporation lowers its outlook for net sales in 2020 due to the growing impact of coronavirus (COVID-19) pandemic. The outlook regarding the development of Posti Group Corporation’s adjusted operating result in 2020 remains unchanged.
The coronavirus situation makes the macro economic outlook extremely difficult to predict for the full year. Because of this, also Posti’s full year outlook includes a significant level of uncertainty.
As a result of the increasing market uncertainty and expected impact of coronavirus on the Finnish and global economy, Posti’s net sales in 2020, excluding possible new acquisitions and divestments, are expected to decrease from the previous year. The Group’s adjusted operating result in 2020 is expected to increase from the previous year, when the postal strike had a significant negative impact on Posti’s results.
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.
Previously, Posti expected that its net sales in 2020, excluding possible new acquisitions and divestments, would remain on par with the previous year. The Group’s adjusted operating result in 2020 was expected to increase from the previous year.