Jukka Alho, President and CEO:
- The economic conditions reflect differently on Itella's various services. On the whole, volumes are not showing any tangible signs of the expected upswing, which means the full-year net sales and operating profit will be weaker than a year earlier.
Itella Mail Communication has been able to partly compensate for the decline in delivery volumes through productivity-boosting measures, but the full impact of these measures will only be seen in the upcoming years. Moreover, regardless of general economic trends, we must prepare for a fall in letter volumes in the future.
Itella Information has seen positive development throughout the year with its profitability moving against the general economic cycle.
Itella Logistics' volume development reflects the overall industry development. Of all our lines of business, logistics has been the most severely hit by the economic downturn. Volumes have fallen sharply in Russia, although our Russian customers are currently reserving more capacity, which improves the business outlook for the future.
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Photographs and logos related to Itella are available in the Media section of the Itella website (Image service and logos): http://www.itella.fi/media
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 in Russia. The Group employs some 30,000 staff and reported 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.