News releases

    Posti Group 1–6/2025: Parcel volumes grew 6% in Q2. Resilient Adjusted EBITDA level in challenging markets.

    8/14/2025

    Posti Group Corporation Half-Year Report January–June 2025

    Unless otherwise stated, the figures in brackets refer to the corresponding period in the previous year.

    April–June

    Financial highlights

    • Net sales decreased by 5.7% to EUR 356.3 (377.8) million.

    • Adjusted EBITDA decreased to EUR 43.5 (49.5) million, or 12.2% (13.1%) of net sales.

    • EBITDA decreased to EUR 42.3 (44.0) million, or 11.9% (11.7%) of net sales.

    • Adjusted operating result (adjusted EBIT) decreased to EUR 11.7 (17.9) million, representing 3.3% (4.7%) of net sales.

    • Operating result decreased to EUR 10.5 (12.4) million, representing 2.9% (3.3%) of net sales.

    January–June

    Financial highlights

    • Net sales decreased by 6.1% to EUR 713.4 (759.9) million.

    • Adjusted EBITDA decreased to EUR 86.0 (102.5) million, or 12.1% (13.5%) of net sales.

    • EBITDA decreased to EUR 80.2 (94.0) million, or 11.2% (12.4%) of net sales.

    • Adjusted operating result (adjusted EBIT) decreased to EUR 22.2 (39.1) million, representing 3.1% (5.1%) of net sales.

    • Operating result decreased to EUR 15.5 (30.5) million, representing 2.2% (4.0%) of net sales.

    • Net debt to adjusted EBITDA was 2.5x (1.2x).

    Operational highlights in Q2

    • Increased recommerce market in Finland contributed positively to the total parcel volumes in the eCommerce and Delivery Services segment. Parcel volumes increased by 6% (5%).

    • Posti has invested in a new modern and automated logistics warehouse in Järvenpää, where our new warehouse management system has been taken into use. In May, Fulfillment and Logistics Services Finland started operations in the new warehouse.

    • Net sales of Postal Services were affected by the discontinuation of unaddressed marketing services from the beginning of the year. This change enables operational development and has a positive effect on profitability. As expected, the addressed letter volumes decreased by 19% (10%).

    • Posti launched new strategic initiatives and partnerships in Postal Services, including collaborations with CGI and PunaMusta. OmaPosti was enhanced with new features such as the Digital postbox.

    Outlook for 2025 changed

    Posti is revising its outlook guidance and the method of how the guidance is given. Going forward, Posti expects to provide a range of expected full-year results for net sales, adjusted EBITDA, and adjusted EBIT to offer a more comprehensive view of its business performance.

    Posti is expecting its net sales to be within the range of EUR 1,440 - 1,500 million, adjusted EBITDA to be within the range of EUR 192 - 205 million and adjusted EBIT to be within the range of EUR 65 - 77 million.

    Previously, Posti expected that in 2025, its net sales and adjusted EBITDA would be on the previous year’s level.

    In 2024, Posti’s net sales were EUR 1,521.4 million, adjusted EBITDA was EUR 207.6 million and adjusted EBIT was EUR 80.1 million.

    Current macroeconomic and market conditions increase uncertainty to economic projection and consumer confidence. Consumer behavior affects Posti's business and may impact our actual results.

    The Group’s business is characterized by seasonality. The net sales, adjusted EBITDA and adjusted EBIT in the segments are not accrued evenly over the year. In consumer parcels and Postal Services, the first and fourth quarters are typically strong, while the second and third quarters are weaker. The postal volume decline is expected to continue.

    Key Figures of Posti Group

    4–6

    4–6

    1–6

    1–6

    1–12

    2025

    2024

    2025

    2024

    2024

    Financial development and profitability

    Net sales, EUR million

    356.3

    377.8

    713.4

    759.9

    1,521.4

    Adjusted EBITDA, EUR million

    43.5

    49.5

    86.0

    102.5

    207.6

    Adjusted EBITDA margin, %

    12.2%

    13.1%

    12.1%

    13.5%

    13.6%

    EBITDA, EUR million

    42.3

    44.0

    80.2

    94.0

    196.6

    EBITDA margin, %

    11.9%

    11.7%

    11.2%

    12.4%

    12.9%

    Adjusted operating result (adjusted EBIT), EUR million

    11.7

    17.9

    22.2

    39.1

    80.1

    Adjusted operating result (adjusted EBIT) margin, %

    3.3%

    4.7%

    3.1%

    5.1%

    5.3%

    Operating result, EUR million

    10.5

    12.4

    15.5

    30.5

    68.0

    Operating result margin, %

    2.9%

    3.3%

    2.2%

    4.0%

    4.5%

    Result for the period, EUR million

    3.7

    7.3

    3.5

    19.6

    43.8

    Financial position

    Equity ratio, %

    22.7%

    36.6%

    25.2%

    Return on capital employed (12 months), %

    7.6%

    1.6%

    11.2%

    Net debt, EUR million

    471.0

    255.8

    257.5

    Net debt / adjusted EBITDA

    2.5x

    1.2x

    1.2x

    Other key figures

    Operative free cash flow, EUR million

    -50.6

    -7.1

    -2.9

    Capital expenditure, EUR million

    37.9

    49.0

    79.7

    82.0

    176.5

    Personnel, end of period

    14,819

    16,592

    14,764

    Personnel on average, FTE

    12,181

    13,396

    11,986

    13,264

    13,095

    Earnings per share, basic, EUR

    0.09

    0.18

    0.09

    0.49

    1.10

    Dividend per share, EUR

    0.83

    Dividend, EUR million

    33.0

    Antti Jääskeläinen, President and CEO

    In Q2 our parcel volume growth accelerated to 6%, up from 2% in Q1/2025. This was driven by substantial growth in recommerce volumes, which underscores a clear shift in consumer behavior toward more economic and sustainable buying choices. We maintained strong operational excellence and made strategic investments in new facilities and technologies. We also showed sequential improvement: both sales and adjusted EBITDA increased from Q1 to Q2 in the eCommerce and Delivery Services and Fulfillment and Logistics Services business groups.

    Market softness persisted throughout the first half of the year, creating challenging conditions for the logistics sector, especially in the B2B markets. In this environment, we have taken several actions to secure our profitability. During Q2, we have further reduced costs and improved our operational efficiency, which contributed to our resilient adjusted EBITDA level. We also implemented price increases in Postal services during mid-June for business services. Further we have continued our focused sales efforts, and I am happy to share that we have successfully increased the number one positions in the check-out points across numerous ecommerce marketplaces in Finland.

    In the second quarter, the Group’s net sales decreased by 5.7% to EUR 356.3 (377.8) million, as expected. Our adjusted EBITDA decreased to EUR 43.5 (49.5) million. In the first half, the Group’s net sales decreased by 6.1% to EUR 713.4 (759.9) million and adjusted EBITDA decreased to EUR 86.0 (102.5) million. The decline in net sales was mainly due to lower volumes and the discontinuation of unaddressed marketing services in Postal Services, as well as the lower market demand in Fulfillment and Logistics Services.

    Looking at the first half on segment level: In eCommerce and Delivery Services, the growth in parcel volumes and especially in the recommerce volumes continued while the B2B market continued soft. The segment’s net sales and adjusted EBITDA slightly decreased due to changes in the product mix. The warehousing and logistics market continued to be weak, which inevitably impacted on the Fulfillment and Logistics Services segment’s net sales negatively, and therefore profitability. Postal Services continued to deliver strong operational efficiency throughout the reporting period, while the segments’ net sales and adjusted EBITDA declined. Our 2024 decision to discontinue the unaddressed marketing services at the beginning of the year negatively impacted Postal Services’ volumes and therefore net sales, as expected. However, the change enables better operational efficiency and profitability in the future. Addressed mail volumes continued to decline, which demonstrates the acceleration of digitalization.

    We have continued to push forward also with new initiatives and partnerships for the future. In the second quarter, we established a strategic partnership with PunaMusta to launch a joint direct digital marketing solution, built on a results-driven collaboration model. The new logistics center in Tallinn started operations in the first quarter, and in May we opened our own new modern warehouse in Järvenpää.

    We have continued to strengthen the OmaPosti application as a key everyday digital service. During the second quarter we launched a Digital Postbox with new features and kicked off a joint pilot with CGI, allowing their employees in Finland to receive payroll statements directly via the OmaPosti application. These concrete steps support our broader goal of simplifying digital communication for users and organizations alike. I am proud that the OmaPosti is already the most popular digital post service in Finland, reaching around 75% of the working-age population – and we’re committed to developing the service further.

    During the first half of the year, we continued investments in green vehicles and reducíng emissions which are contributing to our transition to fossil-free logistics. In addition, the new Järvenpää warehouse, powered by geothermal and solar energy, exemplifies our commitment to sustainable infrastructure.

    I want to thank all the Posti employees for their good work in the first half of the year. I also want to thank all the summer employees for their contribution. We are in a good position to continue to seek growth in the second half of the year. We will focus on operational excellence and keep investing in automation and digitalization. We have also started preparations for the peak season, our most important season of the year.

    Half-year Report January-June 2025