The economic recession has clearly reduced the number of letters, magazines, direct marketing messages and packages Itella delivers. In January and February 2009, Itella delivered 40 million letters, magazines and direct marketing messages, which was 8% less than in January and February 2008. The number of packages decreased by 10% from last year.
A decrease in volume could be seen in January and February in all the most important Itella delivery products:
- The decrease in delivery volume was not unexpected. However, we did not expect the decrease to be so fast and steep. Our challenge is that our fixed costs remain pretty much the same even through the delivery volumes decrease. This is because most of our expenses come from salaries. We have to deliver mail on thousands of routes every weekday, regardless of how much mail there is for each household, says President and CEO Jukka Alho.
Jukka Alho, President and CEO of Itella Corporation, tel. +358 (0)20 451 5600
Photos pertaining to Itella are available in the Media section of the Group’s online service (Image service and logos): www.itella.fi/group/media.
Itella Group offers information and product flow management solutions. Itella is a communication, information logistics and logistics company doing business in Northern Europe, Central Europe and Russia. Itella employs approximately 31,700 people and its turnover in 2008 was EUR 1,953 million. The Group serves its corporate customers under the Itella brand and consumers in Finland under the Posti brand. Further information is available at www.itella.fi/group.