Posti continues to grow and renew itself

“It is critically important for Posti to secure its competitiveness and profitability"

We want to be the leading provider of logistics and postal services in Finland, and we are making excellent progress towards achieving this goal,” says Heikki Malinen, President and CEO of Posti. “We must develop our core operations, but simultaneously keep looking for growth in new areas.”

Posti has updated the strategy it released in 2015. Posti’s main strategic goal still is to be the first choice for its customers as the provider of postal and logistics services in Finland, the Baltic countries and Russia. Now, the focus is on how to achieve the goals set in the strategy.

The new Postal Act and the proposed changes to Government ownership steering mean that Posti must renew itself even faster. Digitization will change Posti’s business models and create new business opportunities. International e-commerce will grow and increase the volume of parcels and letters delivered in Finland. At the same time, competition will become tighter in postal and logistics services. Posti must continue to renew its procedures in order to remain profitable and competitive.

The Finnish Government drew its new ownership steering policies in May. The Government’s proposal to the Parliament is to lower its ownership of Posti from 100 to 50.1 per cent. Listing has also been discussed. However, no decisions on selling shares of Posti’s ownership have been made yet.

- From Posti’s point of view, this change would support our renewal amidst the transformation of the postal industry and give us new opportunities for growth. The extension of the ownership would be a continuation of the European privatization trend that started in the 2000s. The postal market is nowadays fully open to competition, both in Finland and in Europe, Malinen says.

Source: Posti Group

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