Chairman's message

2009 has shown a clear rupture with the previous trends because of the economic slowdown in all developed countries and particularly in European countries which have been differently affected by the crisis. The parcel market in Europe has suffered the consequences of the general slowdown generating two kinds of volumes’ transfers: one from air to sea or from air to road and the other one from premium express to deferred express. Like the other competitors GeoPost, is affected by the pressure on prices but it really succeeded in mastering its costs. The GeoPost’ Group values and its philosophy has shown that in our industry they are totally consistent with the business itself and they have brought a direct contribution to our collective success.

In 2010 and the following years the economic growth in the European countries will remain very poor and the raw materials prices will continue to go up. This represents a challenge for GeoPost and beside the cost control, it will be of the utmost importance that our personnel remains motivated. We manage a service business and in our industry people motivation is a key element so that we can be fully successful in the market.

To answer these issues we will have to implement our values and philosophies right across the Group and develop our entrepreneurial culture.