Finland post 2012 cost control results show the profit realized ascension

According to the latest statistics, in 2012, due to business growth and mail cost control logistics business, Finland post ( Itella ) profit improvement.
The company operating profit ( Underlying ) increased 74%, reached 53200000 euros, realize the profit margin of 2.7%. Reported a pre-tax profit of 39000000 euros, while the 2011 loss of 5900000 euros. The company launched in 2011 and continued running cost reduction plan ( plan to cut 100000000 euros ) has positive effect on the performance of the company in 2012.
The company's net sales growth of 2.4%, reached 1950000000 euros, international business accounted for 31%. The main driving force is the last of Finland railway logistics business incorporation.
In 2012 fourth quarter (10-12 months ), the company operating profit ( Underlying ) fell 46%, up to 12800000 euros. Sales growth of 4.7%, reached 542600000 euros.
Company mail communication department in 2012 sales growth of 1.4%, reached 1200000000 euros, fourth quarter revenue steady. Department of operating profit ( underlying ) increased 48%, achieve 74000000 euro. In 2012 the newly established 100 automatic package terminal and Lanshou outlets, the number of Netposti users in August last year, more than 400000.
In 2012 the company logistics business revenue growth of 6.8%, reached 781500000 euros, including the fourth quarter growth of 17.3%. But the logistics business is still at a loss, loss in 2012 ( underlying ) amounted to 9500000 euros.
President and CEO Heikki Malinen said the company last year, business development trend of good overall performance. Launched in 2011, cost reduction program has a positive impact on profits in 2012. The company will continue to improve the net sales and profit rate in the future, and take the corresponding cost control measures.
MYEX min Asia International Express
2013-03-05