Posti Group (POSTI) Q1 2025 earnings summary

Executive summary

• Net sales declined by 6.5% year-over-year to EUR 357.1 million in Q1 2025, mainly due to lower volumes and discontinuation of unaddressed marketing services in Postal Services.

• Adjusted EBITDA fell to EUR 42.5 million (11.9% margin), reflecting lower sales but supported by operational efficiency improvements.

• Operating result and net income both decreased significantly compared to the previous year.

• Parcel volumes in eCommerce and Delivery Services rose by 2%, driven by growth in recommerce, despite weak B2B and freight demand.

• New logistics center opened in Tallinn, Estonia, and operations unified under one brand across all countries.

Financial highlights

• Net sales: EUR 357.1 million (down from EUR 382.1 million, -6.5% year-over-year).

• Adjusted EBITDA: EUR 42.5 million (EUR 53.0 million), margin 11.9% (13.9%).

• Operating result: EUR 5.0 million (EUR 18.1 million), margin 1.4% (4.7%).

• Operative free cash flow: EUR -21.4 million (EUR 8.3 million a year ago).

• Result for the period: EUR -0.2 million, compared to EUR 12.3 million last year.

Outlook and guidance

• 2025 outlook unchanged: net sales and adjusted EBITDA expected at previous year’s level (2024: EUR 1,521.4 million and EUR 207.6 million, respectively).

• Macroeconomic uncertainty and weak consumer confidence may impact results; seasonality remains significant.

• Postal volume decline expected to continue; business is seasonal with Q1 and Q4 typically stronger.