Le Groupe La Poste 2019 results
The Board of Directors of La Poste, under the chairmanship of Philippe Wahl, approved the Group's consolidated financial statements for the 2019 fiscal year.
Philippe Wahl, Chairman and Chief Executive Officer of Le Groupe La Poste
"The robustness of our multi-business model has enabled us to continue our development in accordance with our strategic plan. The year 2018 was a challenging one for La Poste's various markets: decreasing mail volumes, historically low interest rates and pressure on parcel margins throughout Europe have led to a decline in our profits. We made the choice to continue to invest in our industrial and logistics facilities so as to support the growth in the parcel market and to pursue our external growth transactions. This will enable us to prepare efficiently for our Group's future and ensure its successful transformation. We have also introduced a number of professional development programmes for La Poste employees.
In 2019, we will continue to make our customers’ lives easier and innovate to meet their needs in terms of local services, this is La Poste's raison d’être, the main focus of our business, and how we ensure we remain useful to millions of people.
The year 2019 will see an important milestone in the strategic equity alliance between La Poste and Caisse des Dépôts. This transaction will enable us, through equity investment, to accelerate our development for the benefit of our customers and local communities."