Itella’s result weakened due to declining delivery volumes
The structural transformation in the postal industry is beginning to have an increasingly significant impact on Itella's business. The delivery volume of traditional letters declined by 5 percent in January-September, while newspaper delivery volume fell by 6 percent and magazines by 7 percent. In addition to the decline in volume, the economic recession had a negative effect on the Group's result.
The delivery volume of traditional letters declined by 5 percent in January-September, while newspaper delivery volume fell by 6 percent and magazines by 7 percent. In addition to the decline in volume, the economic recession had a negative effect on the Group's result. Read more
Source: Itella