July-September 2012
January-September 2012
| Key figures of Itella Group | 7-9/2012 | 7-9/2011 | 1-9/2012 | 1-9/2011 | 2011 |
| Net sales, MEUR | 445.6 | 449.4 | 1,404.1 | 1,382.0 | 1,900.1 |
| Operating result (non-IFRS), MEUR *) | 11.9 | 10.7 | 40.4 | 7.0 | 30.5 |
| Operating result (non-IFRS), % *) | 2.7 | 2.4 | 2.9 | 0.5 | 1.6 |
| Operating result (EBIT), MEUR | 11.9 | -21.5 | 29.9 | -25.6 | -5.9 |
| Operating result (EBIT), % | 2.7 | -4.8 | 2.1 | -1.9 | -0.3 |
| Result before taxes, MEUR | 10.3 | -24.3 | 23.8 | -33.1 | -16.4 |
| Result for the period, MEUR | 4.9 | -22.9 | 9.1 | -37.1 | -30.7 |
| Return on equity, %, 12 months | 2.3 | -4.4 | -4.5 | ||
| Return on investment, %, 12 months | 6.0 | -0.6 | -0.2 | ||
| Equity ratio, % | 48.1 | 47.3 | 46.1 | ||
| Gearing, % | 22.3 | 31.0 | 22.1 | ||
| Gross capital expenditure, MEUR | 19.6 | 43.1 | 64.8 | 66.9 | 102.9 |
| Employees on average | 27,310 | 28,806 | 27,391 | 28,711 | 28,493 |
| *) Non-IFRS = excluding non-recurring items | |||||
Jukka Alho, President and CEO:
"Itella's business development during the current year has been mainly positive. The areas experiencing the most significant downturns comprise the traditional letter and publication businesses. Although the company's profitability is yet to achieve targeted levels, the improvement in comparison to last year is significant. It is notable that Itella's solvency has remained on a good, stable level also during times of economic uncertainty.
The profitability of the Information business is in the process of restoring itself, even though the non-recurring items of the German printing business disposed of during the first half of the year will be evident in year-end results.
The impact of earlier measures aiming to improve profitability is clearly evident in the Mail Communications' business as well as in the company's activities on the whole. This has allowed us to compensate for the volume decline in traditional postal traffic, at least in the short-term. The volumes of e-commerce have continued their positive growth and Itella's competitiveness is faring increasingly better.
Itella Logistics' net sales are growing, despite the uncertainty in economic trends. At the end of the year, this will furthermore be impacted by the business acquired from VR. Volumes and warehouse fill rates in Russia have also developed positively - a fact that is evident in the solid increase of net sales. The year-round performance of Logistics will nevertheless lag clearly behind targets due to both the change process underway in Scandinavia and a loss occurrence in St. Petersburg.
All in all, Itella's business has shown positive development trends throughout the year. Because of this, I want to express my gratitude to Itella's entire personnel, who has worked very hard to achieve this success."
APPENDICES
Itella's full Interim Report
FURTHER INFORMATION
Sari Helander, CFO, tel. +358 50 379 1819, sari.helander@itella.com
DISTRIBUTION
NASDAQ OMX Helsinki
Key media
www.itella.com/financials
FINANCIAL CALENDER 2013
The financial statements for 2012 will be published on February 15, 2013.
PHOTOGRAPS AND LOGOS
www.itella.com/media
Itella Group provides solutions for managing information and product flows. Itella operates in mail communication, logistics and financial processes in Europe and Russia. In 2011, the Group reported net sales of EUR 1 900 million and employed 27,500 professionals. www.itella.com/aboutus.
Itella_Interim_Report_Q3_2012.pdf
