About Posti
Governance
Sustainability
Careers
Media

Itella Corporation Interim Report Q2/2012

25.07.2012

ITELLA CORPORATION INTERIM REPORT JULY 25, 2012, AT 12:00 NOON (EET)

January-June 2012

 

April-June 2012

  

Key figures of Itella Group 4-6/2012 4-6/2011 1-6/2012 1-6/2011 2011
Net sales, MEUR 473.2 469.7 958.5 932.6 1,900.1
Operating result (non-IFRS), MEUR *) 5.9 -4.4 28.7 -3.8 30.5
Operating result (non-IFRS), % *) 1.2 -0.9 3.0 -0.4 1.6
Operating result, MEUR -3.1 -4.7 18.0 -4.1 -5.9
Operating result, % -0.7 -1.0 1.9 -0.4 -0.3
Result before taxes, MEUR -5.7 -6.4 13.6 -8.8 -16.4
Result for the period, MEUR -7.5 -8.5 4.2 -14.2 -30.7
Return on equity, %, 12 months     -1.8 -0.6 -4.5
Return on investment, %, 12 months     2.0 2.4 -0.2
Equity ratio, %     47.0 49.6 46.1
Gearing, %     22.0 21.7 22.1
Gross capital expenditure, MEUR 23.2 12.7 45.2 23.8 102.9
Employees on average 27,660 29,216 27,431 28,753 28,493

*) Non-IFRS = excluding non-recurring items

 

Jukka Alho, President and CEO:

"Itella's January-June net sales clearly increased and performance improved in comparison to the corresponding period in 2011. Net sales increased in all business groups. Following a strong first quarter, the growth during the second quarter was slightly less robust, in line with normal seasonal fluctuation.

Given that the overall economic situation became increasingly uncertain in the second quarter, the result of the first half of the year can be considered satisfactory at the very least.

In Itella Mail Communications, we increased volumes in both unaddressed deliveries and the parcel business, despite a tough competitive environment. In contrast, the volumes of addressed letters and newspapers and magazines continued to decline. In this respect, the forceful efforts to increase efficiency have been absolutely necessary.

At the end of May, Itella Corporation and VR-Yhtym√§ Oy signed a letter of intent on the acquisition of VR Transpoint's domestic groupage logistics business. After the final contract, the approval from the competition authorities is required.

As mentioned in our interim report for the first quarter, we had identified a need for change in our German printing services. The ensuing separation from the printing services has now been concluded and our German operations are focused on the expansion of financial management services."

 

 

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 2012 
Interim Report Q3/2012 October 31

 

PHOTOGRAPHS 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_Q2_2012.pdf