Posti Group

Posti Group Oyj (previously Suomen Posti during 1994–2007 and Itella during 2007–2015), trading internationally as Posti Group Corporation, is the main Finnish postal service delivering mail and parcels in Finland. With roughly two thirds of the company's shares, the State of Finland is the largest shareholder of Posti.[3] Posti has a universal service obligation that entails weekday deliveries of letters in all of Finland's municipalities. Posti's head office is located in Pohjois-Pasila in Helsinki. Posti's history spans nearly 400 years.

Posti's net sales in 2024 were EUR 1,521 million.[4] Posti has 20,300 employees. Of the net sales, approximately 96% comes from businesses and organizations. The company's key customer sectors are commerce, services and media.

As of 2015, the group is headed by Heikki Malinen, and Arto Markku Pohjola is Chairman of the Board of Directors. The company has operations in ten countries: Finland, Sweden, Norway, Estonia, Latvia, Lithuania, Poland, Germany, Switzerland and United States. Åland Post is the independent postal operator for the Åland Islands.

Historical background

On 6 September 1638, Governor-General Per Brahe the Younger established postal services in Finland, part of the Kingdom of Sweden at the time.

The Posti headquarters in Helsinki (Postintaival) have their main auditorium named after Brahe and his portrait by David Beck.

In 1811, a central postal administration was established within the postal services of autonomous Finland.

In 1845, postal service for parcels began.

In 1856, stamps were introduced. (Finland began issuing its own national stamps in autumn 1917, before independence was declared on 6 December 1917.)

In 1858, home delivery of letters and newspapers began.

Posti was one of the first institutions to hire women as employees, doing so since the 1860s.

In 1927, the Telegraph was merged with the Finnish Post (Posti).

In 1981, Post and Telegraph was renamed Post and Telecommunications.

In 1990, Posti-Tele became a state-owned enterprise no longer dependent on the state budget.

In 1994, Post and Telecommunications became Suomen PT Oy, with the subsidiaries Finland Post Corporation, providing postal services, and Telecom Finland Oy (later Sonera Oy), engaged in telecommunications.

In 1998, Suomen PT Group was demerged. Finland Post Corporation and Sonera Oy became state-owned enterprises.

In 2001, Finland Post became a public company (as Finland Post Corporation).

On 1 June 2007, the company's name was changed to Itella Corporation. The group's more diversified and internationalised business operations were the reason for the change of name.

In 2008, Itella acquired in Russia the logistics company NLC (National Logistic Company) and Connexions company, specialising in direct marketing services. In Poland Itella acquired BusinessPoint S.A., specialising in printing and document management.

In 2011, Finnish postal services have been transferred to a new company, Itella Posti Oy.

In 2011, Itella Information acquired OpusCapita, Itella Information acquired OpusCapita expanding services to cash flow automation.

Itella Bank started as a deposit bank in the beginning of 2012.

In 2013, Itella divested the entire share capital of Itella Bank Ltd to Finnish Savings Bank Group.

In 2013, Itella Information was renamed OpusCapita. It operates as a subgroup of Itella Group.

On 1 January 2015, Itella Oyj changed its name to Posti Group Oyj. Subsidiaries Itella Posti Oy and Itella Logistics Oy were merged and renamed to Posti Oy.

In 2015, Posti sold its Scandinavian road freight business operations to the Danish Nordic Transport Group (NTG).

Posti launched the first municipal cooperation within Posti's new home services with the South Karelia Social and Health Care District Eksote.

Posti acquired Kuljetus Kovalainen and Veine, a company specializing in temperature-regulated logistics.

Posti Group divested OpusCapita to Providence Equity in 2019.[8]

native name	Finnish: Posti Group Oyj Swedish: Posti Group Abp
type	Julkinen osakeyhtiö
traded as	Nasdaq Helsinki: POSTI
foundation	September 6, 1638
location	Helsinki, Finland
industry	Postal service, logistics, financial process automation
revenue	€1.521 billion (2024)‡R1R‡
num employees	20,316 (2017 on average)‡R2R‡
owner	Government of Finland
homepage	posti.com

Operations

Historical background

Postal Services

International operations

Wages

Revenue

External links

References