December 26, 2014 8:16 PM ET

Air Freight and Logistics

Company Overview of Itella Oyj

Company Overview

Itella Oyj provides postal, logistics, and eCommerce services. It offers international road, rail, air, and sea freight services; customs clearance and forwarding services; domestic transportation services; warehousing services for various industries, including retail goods, fashion, pharmaceuticals, electronics, and the automotive sector; and services, including overnight deliveries, industry-specific solutions, direct groupage line from Kaunas to Moscow, easy transit from Lithuania to Belarus and Ukraine, and supply chain outsourcing. The company also provides logistic and eCommerce fulfillment services, including sorting and distribution centers, information, and marketing services. In ad...

Postintaival 7 A

Helsinki,  00230

Finland

Founded in 1638

Phone:

358 20 4511

Fax:

358 2045 14414

Key Executives for Itella Oyj

Chief Executive Officer
Age: 52
Chief Financial Officer and Member of Executive Board
Age: 47
Acting Managing Director of Itella Logistics A/S
Managing Director of Opuscapita Branch
Managing Director of Itella Information As
Compensation as of Fiscal Year 2014.

Itella Oyj Key Developments

Itella Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Year 2014

Itella Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, net sales were EUR 435.1 million against EUR 457.0 million a year ago. The decrease was due to the weakening and intense competition of the logistics market as well as currency depreciation. Operating loss was EUR 7.4 million against EUR 3.1 million a year ago. Loss before income tax was EUR 10.1 million against EUR 5.2 million a year ago. Loss for the financial period was EUR 9.1 million against EUR 3.7 million a year ago. Gross capital expenditure was EUR 12.0 million compared to EUR 14.2 million a year ago. For the nine months, net sales were EUR 1,367.0 million against EUR 1,448.0 million a year ago. The decrease was due to the decline and intense competition of the logistics market, currency depreciation as well as lower volumes in mail delivery. Operating loss was EUR 5.1 million against EUR 2.4 million a year ago. Loss before income tax was EUR 12.2 million against EUR 12.0 million a year ago. Loss for the financial period was EUR 8.9 million against EUR 9.9 million a year ago. Cash flow from operating activities was EUR 50.7 million compared to EUR 9.8 million a year ago. Purchase of intangible assets was EUR 5.7 million compared to EUR 5.6 million a year ago. Purchase of property, plant and equipment was EUR 26.9 million compared to EUR 22.9 million a year ago. Return on equity was 1.4% compared to negative return on equity of 0.7% a year ago. Gross capital expenditure was EUR 42.9 million compared to EUR 41.3 million a year ago. Capital expenditure amounted to EUR 32.5 million compared to EUR 28.5 million a year ago. For the year 2014, comparable net sales in euros are expected to decrease significantly compared to 2013. The factors contributing to this expected decrease include the weaker-than-expected sales in Itella Logistics, lower postal volumes, and exchange rate fluctuations. The groups operating result before non-recurring items for 2014 is expected to decline from 2013. The operating result is burdened by significant non-recurring items.

Itella Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Itella Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, net sales were EUR 461.9 million against EUR 495.1 million a year ago. Operating loss was EUR 2.1 million against EUR 10.1 million a year ago. Loss before income tax was EUR 4.1 million against EUR 14.4 million a year ago. Loss for the financial period was EUR 3.8 million against EUR 10.9 million a year ago. The decrease in sales was due to the weakening and the intense competition of the logistics market as well as currency depreciation. For the six months, net sales were EUR 931.9 million against EUR 991.1 million a year ago. Operating profit was EUR 2.2 million against EUR 0.7 million a year ago. Loss before income tax was EUR 2.1 million against EUR 6.8 million a year ago. Profit for the financial period was EUR 0.2 million against loss of EUR 6.2 million a year ago. Cash flow from operating activities was EUR 43.9 million compared to EUR 25.1 million a year ago. Purchase of intangible assets was EUR 3.6 million compared to EUR 3.6 million a year ago. Purchase of property, plant and equipment was EUR 20.4 million compared to EUR 17.6 million a year ago. Return on equity was 2.2% compared to 0.5% a year ago. The decrease in sales was due to lower volumes in mail delivery, the decline and intense competition of the logistics market as well as currency depreciation. Gross capital expenditure was EUR 30.9 million compared to EUR 27.1 million a year ago.

Itella Corporation and SSI Schafer Partner to Deliver Automated Warehouse to Voutila

Itella Corporation and SSI Schafer have signed a procurement agreement on the delivery of an automated warehouse to Voutila. According to the agreement, SSI Schafer will deliver the automated warehouse and related hardware, workstations, conveyors and the IT system.

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