Posti Group Oyj · OMXHEX:POSTI
Posti Group Oyj — Q1 2024 Earnings Presentation
21 slides from Posti Group Oyj's earnings presentation, Apr 25, 2024
Slide 1: Posti Group: Strong profitability due to high operational excellence
Posti Group Strong profitability due to high operational excellence January - March 2024
Slide 2: Responsibly delivering on what matters to you
Responsibly delivering on what matters to you your terms
Slide 3: Posti in figures 1-3/2024
Group’s net sales, EUR million and change, % Posti in figures 1-3/2024 Net Sales EUR 382.1 million (EUR 397.6 million) Q1 Q1 Adjusted EBITDA EUR 53.0 million Group’s adjusted EBITDA, EUR million and as a percent of net sales (EUR 42.5 million) Adjusted EBITDA-% 13.9% (10.7%) Q1 Q1 3 25.4.2024 * Cont
Slide 4: Q1 2024 Financial highlights
Q1 2024 Financial highlights • Net sales decreased by 3.9% to EUR 382.1 (397.6) million. • Adjusted EBITDA increased to EUR 53.0 (42.5) million, or 13.9% (10.7%) of net sales. • EBITDA increased to EUR 49.9 (41.6) million, or 13.1% (10.5%) of net sales. • Adjusted operating result increased to EUR 2
Slide 5: Q1 2024 Operational highlights
Q1 2024 Operational highlights • Group net sales decreased which was affected by the low consumer and customer demand in all segments. Political strikes in Finland had an indirect negative impact on net sales. • Group’s adjusted EBITDA and operating result improved significantly. Continuous improvem
Slide 6: Combined external sales of eCommerce and Delivery, and Fulfillment and Logistics Services
Q1 2024: The combined external sales of eCommerce and Delivery Services, and Fulfillment and Logistics Services represented 58.3% (59.2%) of the Group’s net sales Fulfillment and Logistics Services 18 % (20%) Postal Services 42% (41%) eCommerce and Delivery Services 40% (39%) 6 25.4.2024
Slide 7: Parcel volumes increased, postal volumes continued to decrease
Q1 2024: Parcel volumes increased, postal volumes continued to decrease +5% Parcel volumes (million units) and change, % Parcel volumes in Finland in Finland and the Baltics and in the Baltics 1-3/2024 -8% Freight volumes* 1-3/2024 -16% Addressed letter volumes 1-3/2024 7 25.4.2024 * Measured in way
Slide 8: Addressed letter volumes continued to decrease
Q1 2024: Addressed letter volumes continued to decrease • Altogether 84 million addressed letters were delivered in Q1. Decline from previous year 16 million items. • The declining trend in addressed letter volumes continue (declined 16%) in Q1. • The share of mail items covered by the universal ser
Slide 9: Financials
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Slide 10: Posti Group's net sales decreased
Q1 2024: Posti Group’s net sales decreased Net sales decreased by 3.9% to EUR 382.1 (397.6) million. Group’s net sales, 2024 Q1 vs. 2023 Q1 change of sales by EUR million and change, % segments, EUR million 10 25.4.2024
Slide 11: Posti Group's adjusted EBITDA increased
Q1 2024: Posti Group’s adjusted EBITDA increased Adjusted EBITDA increased to EUR 53.0 (42.5) million, or 13.9% (10.7%) of net sales. Group’s adjusted EBITDA, 2024 Q1 vs. 2023 Q1 adjusted EBITDA EUR million and as percentage of net sales change by segments, EUR million 11 25.4.2024
Slide 12: Posti Group's adjusted EBITDA increased
Q1 2024: Posti Group’s adjusted EBITDA increased Adjusted EBITDA increased to EUR 53.0 (42.5) million, or 13.9% (10.7%) of net sales. Group’s net sales, Group’s adjusted EBITDA, EUR million and change, % EUR million and as percentage of net sales 12 25.4.2024
Slide 13: Posti Group's key figures
Q1 2024: Posti Group’s key figures 13 25.4.2024
Slide 14: Outlook and long-term financial targets
Outlook and long-term financial targets
Slide 15: 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 from continuing operations were EUR 1,586.1 million and adjusted EBITDA was EUR 197.7 million. • Current macroeconomic and market conditions bring
Slide 16: 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 * Continuing operations 16 25.4.2024
Slide 17: Segments
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Slide 18: eCommerce and Delivery Services key figures
Q1 2024: eCommerce and Delivery Services key figures • The net sales decreased by 2.5% to EUR 153.0 million • The overall low level of spending and consumption of goods in the market was reflected in the declining volumes, especially in transportation, which led to a decline in net sales • Adjusted
Slide 19: Fulfillment and Logistics Services key figures
Q1 2024: Fulfillment and Logistics Services key figures • The net sales decreased by 10.7% and were EUR 74.6 million • The weak customer demand in construction market and political strikes in Finland affected the warehouse volumes negatively • Sale of Transval Myymäläpalvelut Oy in September 2023 im
Slide 20: Postal Services key figures
Q1 2024: Postal Services key figures • The net sales of Postal Services decreased by 1.1% to EUR 160.9 million • Decreased volumes impacted net sales negatively whereas various price increases, driven by the high inflation, had a positive impact on net sales • Adjusted EBITDA increased to EUR 32.1 m
Slide 21: Slide 21