ITELLA CORPORATION STOCK EXCHANGE RELEASE OCTOBER 27, 2010, AT 10:00 A.M.
Jukka Alho, President and CEO:
"The economic upswing affected the demand for Itella's services relatively late, but there was a very noticeable change in the third quarter. We have seen growth especially in domestic parcel services and in logistics volumes across the board. Our business in Russia is also experiencing similar positive development.
Itella Information has continued to perform consistently.
In Itella Mail Communication, the demand for postal services and profitability continue to face tremendous pressure. Our price level has not followed the general cost trend, partly due to regulatory supervision. We have taken steps to improve profitability, for instance by adjusting the number of personnel, but these measures have proven inadequate.
The healthy near-term development of postal operations will be determined in the labor market negotiations currently under way, and in the legislative work concerning postal services."
Itella's full Interim Report (pdf)
Tuija Soanjärvi, CFO, tel. +358 20 45 20907, email@example.com
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NEXT FINANCIAL DISCLOSURE
A financial statements release for 2010 will be published on Wednesday, February 16, 2011
PHOTOGRAPS 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 in Russia. Net sales in 2009 amounted to EUR 1,820 million. Itella employs approximately 28,000 personnel. Corporate services are delivered under the Itella brand, while the Posti brand is used for services targeted at consumers in Finland. More information is available online at www.itella.com/group.