Jukka Alho, President and CEO:
- The economic recession has had the strongest impact on the business of Itella Logistics which is sensitive to economic fluctuations. Itella Mail Communication succeeded in compensating the decline in volumes through measures that improve productivity. Itella Information even improved its performance.
Market outlook for the key customer industries has a substantial impact on Itella's net sales and performance. In this respect, no material changes can be expected in the near future. Therefore, Itella's net sales for the full year are predicted to remain below last year's level. "
FOR FURTHER INFORMATION, PLEASE CONTACT:
Jukka Alho, President and CEO, tel. +358 20 451 5600,
Tuija Soanjärvi, CFO, tel. +358 20 45 20907,
Interim Report (pdf)
Photographs and logos related to Itella are available in the Media section of the Itella website (Image service and logos):
Itella Group provides solutions for managing information and product flows. Itella operates in mail communication, information logistics and logistics in Northern and Central Europe and Russia. The Group employs some 31,700 staff and reported a net sales of EUR 1 953 million in 2008. Corporate services are delivered under the Itella brand, while the Posti brand is used for services targeted at consumers in Finland. More information on the Group is available at www.itella.fi/group/english.