Supported by its revenue diversification strategy, Hellenic Post-ELTA saw total revenue increase 6% in 2018.
Revenue for ELTA Energy’s electricity services, which launched in 2017, accounted for 15% of the post’s total revenue in 2018. However, growth for the new segment was partly offset by declines for mail and financial services, impacted by ongoing e-substitution and competition. Meanwhile, cost efficiency strategies implemented in the year helped the post to improve profitability margins in 2018, although it continued to report an operating loss. For more details download the latest IPC Carrier Intelligence Report for Hellenic Post-ELTA.
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