Slide 1: Posti Group: Strong profitability again, although net sales declined
Posti Group Strong profitability again, although net sales declined April – June 2024
Slide 2: Responsibly delivering on what matters to you on your terms
Responsibly delivering on what matters to you your terms
Slide 3: Posti in figures 4-6/2024
Group’s net sales, EUR million and change, % Posti in figures 4-6/2024 Net Sales EUR 377.8 million (EUR 386.5 million) Q2 Q2 Adjusted EBITDA EUR 49.5 million Group’s adjusted EBITDA, EUR million (EUR 38.0 million) and % of net sales Adjusted EBITDA-% 13.1% (9.8%) Q2 Q2 3 7.8.2024
Slide 4: Q2 2024 Financial highlights
Q2 2024 Financial highlights • Net sales decreased by 2.3% to EUR 377.8 (386.5) million • Adjusted EBITDA increased to EUR 49.5 (38.0) million, or 13.1% (9.8%) of net sales • EBITDA increased to EUR 44.0 (36.3) million, or 11.7% (9.4%) of net sales • Adjusted operating result increased to EUR 17.9 (
Slide 5: Q2 2024 operational highlights
Q2 2024 operational highlights • Group net sales decreased. Weak customer demand affected especially Fulfillment and Logistics Services warehousing negatively and consequently decreased net sales • The Group’s adjusted EBITDA and operating result improved significantly • Continuous improvements in c
Slide 6: Combined external sales share of segments in Q2 2024
The combined external sales of eCommerce and Delivery Services, and Fulfillment and Logistics Services represented 61.5% (62.1%) of the Group’s net sales in Q2 2024 Fulfillment and Logistics Services 19% (20%) Postal Services 38% (38%) eCommerce and Delivery Services 43% (42%) 6 7.8.2024
Slide 7: Parcel volumes increased and postal volumes continued to decline in Q2 2024
Parcel volumes increased and postal volumes continued to decline in Q2 2024 Parcel volumes (million units) and change, % in +5% Finland and in the Baltics Parcel volumes in Finland and in the Baltics 4-6/2024 -3% Freight volumes* 4-6/2024 * Measured in waybills -10% Addressed letter volumes 4-6/2024
Slide 8: Addressed letter volumes continued to decrease in Q2 2024
Addressed letter volumes continued to decrease in Q2 2024 Addressed letter volumes (million units) and change, % • Altogether 75 million addressed letters were delivered in the second quarter. Decrease from previous year 9 million items • The declining trend in addressed letter volumes continued (de
Slide 9: Financials
Financials 9 7.8.2024
Slide 10: Posti Group's Q2 2024 net sales declined
Posti Group’s Q2 2024 net sales declined Net sales decreased by 2.3% to EUR 377.8 (386.5) million Group’s net sales, EUR million and change, % Q2 2023 vs Q2 2024 change of net sales by segment, EUR million 10 7.8.2024
Slide 11: Posti Group's Q2 2024 adjusted EBITDA increased
Posti Group’s Q2 2024 adjusted EBITDA increased Adjusted EBITDA increased to EUR 49.5 (38.0) million, or 13.1% (9.8%) of net sales Group’s adjusted EBITDA, Q2 2023 vs Q2 2024 adjusted EBITDA change EUR million and % of net sales by segment, EUR million 11 7.8.2024
Slide 12: Posti Group's key figures Q2 2024
Posti Group’s key figures Q2 2024 12 7.8.2024
Slide 13: Outlook and long-term financial targets
Outlook and long-term financial targets 13 7.8.2024
Slide 14: Outlook for 2024 unchanged
Outlook for 2024 unchanged In 2024, Posti is expecting its net sales and adjusted EBITDA to be on the previous year’s level. • In 2023, Posti’s net sales were EUR 1,586.1 million and adjusted EBITDA was EUR 197.7 million • Current macroeconomic and market conditions bring uncertainty to economic pro
Slide 15: Long-term financial targets
Long-term financial targets Continuously increasing ordinary dividend, Adjusted EBITDA 13% but not exceeding annual net profit, EUR million Net debt / Adjusted EBITDA less than 2.5x 15 7.8.2024 * Continuing operations
Slide 16: Segments
Segments 16 7.8.2024
Slide 17: Q2 2024: eCommerce and Delivery Services key figures
Q2 2024: eCommerce and Delivery Services key figures • The net sales stayed on the same level compared to the previous year and was EUR 161.3 million • The consumer demand and trust in economy has slightly begun to improve • This reflected in parcel volumes and consequently net sales positively • Ad
Slide 18: Q2 2024: Fulfillment and Logistics Services key figures
Q2 2024: Fulfillment and Logistics Services key figures • The net sales decreased by 8.7% and were EUR 76.1 million • The weak customer demand resulted in a low circulation of goods in warehouses • Also, the sale of Transval Myymäläpalvelut Oy in September 2023 affected net sales negatively • The lo
Slide 19: Q2 2024: Postal Services key figures
Q2 2024: Postal Services key figures • The net sales decreased by 1.5% to EUR 146.7 million • Declined volumes lowered the net sales whereas various price increases, driven by the high inflation, had a positive impact on net sales • Adjusted EBITDA increased to EUR 22.9 million • Continuous improvem
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