No, it’s definitely not an exaggeration. Kela (Social Insurance Institution of Finland) and the Tax Administration alone spend 25 million euros a year on sending paper mail. And on top of that, all other similar bodies.
When talking about the number of letters, Kela sent about ten million paper letters last year.
Probably so, many of them do leave, of course. “Millions and millions” is difficult to grasp in absolute numerical terms, and it will probably be interpreted differently depending on the reader.
Fortunately, the effects of this will be seen in reality quite soon.
I couldn’t find the message right away, but I assume others have the same: bonus shares show -100% in custody? Is the situation the same for others? 
This probably doesn’t belong in this thread, but the administration can move it if it doesn’t.
I asked Nordnet about this, and they cannot get the value to update in any way, as the bonus shares do not have an ISIN code through which their market value would update. Consequently, at Nordnet, their value is shown at the subscription price of €7.5 and does not update. With other brokers, the policy might be, for example, that if no value can be obtained from anywhere, it is €0. In practice, their value does not update at all, and they will only receive a value after 12 months, when they (+1 free per 10 shares) are converted into the same series as the normal Posti share, which has a market value.
I was thinking something like this myself - in any case, it’s known that they will eventually update there. It just looks terribly ugly 
Karo Hämäläinen’s comment in Kauppalehti (subscribers only) with the headline:
In the murky area of listings, cronyism and ruthless self-interest thrive
Key points briefly summarized from the article…
In his article, Karo highlights the lack of transparency and the enabling of a so-called “favoritism system” (self-interest) in Posti’s listing.
Companies are certainly allowed to choose who they want as shareholders, and there’s nothing exceptional about that – but in Posti’s case, the situation is different.
“The shares were not sold by Posti but by the Finnish state. It was about selling taxpayers’ property, and that should be especially transparent.” - Karo Hämäläinen
Posti has not disclosed the demand for the shares nor explained the allocation principles.
Karo also states that he tried to reach Posti’s CFO Timo Karppinen regarding the story, but he did not respond.
The article notes that Karppinen (who subscribed for shares worth 191,000 euros) – like the rest of the management and board – was allowed to participate in the employee offering at 10% cheaper (6.75 €/share)
“The low selling price only affects the state’s coffers.”
why is the sale of taxpayers’ property still happening so secretly?
If this were a private company’s offering, it could be understood – but in a state-owned company, it should be the opposite.
PS. This is, of course, already old and past information for this forum, but perhaps suitable as a continuation to this HS article linked by user Pieni_siivu about Posti’s management bonuses. Posti Group Oyj - Valtio Postin tuo meidän jokaisen luo - #190 käyttäjältä Pieni_siivu
Does anyone still remember that Posti is listed? Their results came out today:
Tables:
I already sold the ones I bought from the offering, and I can’t quickly find a reason to buy them back from the report.
There was positive development compared to the quarters of the beginning of the year, and the guidance also remained. Parcel volumes grew by 8 percent (apparently year-on-year).
Below is a summary of my own quantitative forecasts for business development. Operating cash flow is at a good level, but cash flows from lease agreements (approx. 75 MEUR per year) are included in financing cash flows. My own data is not yet detailed enough to forecast the different items of financing cash flow.
The valuation level is currently quite neutral in my opinion.
Below is a link to more detailed information.
Posti’s Quantitative Analysis
Interesting. The Valuation page had this:
AI based target price is 15.53 €, and the corresponding market cap is 629.0 MEur.
Target price is based on the latest year’s figures and forecasts for the following year and it is generated with neural networks.
What does this mean?
Simply put: The share price remained above the listing price throughout the stabilization period, so stabilization measures (support purchases) were not needed. The over-allotment option, on the other hand, was exercised, and the shares have possibly already been sold on with a reasonably nice profit.
Okay! 
Thanks, thanks, marks, thanks, marks, thanks.
Since Posti is not yet under Inderes’ coverage, one can post a link to Yle’s Uutispodi’s recent interview (18.11.2025).
Posti was listed on the stock exchange this autumn and promises good dividends to its owners. What kind of business is the distribution of parcels and letter mail? And is Posti still needed in a digitalizing world? In an interview with Atte Uusinokka, Posti’s CEO Antti Jääskeläinen.
Jani Koivu, MSc, has been appointed SVP, eCommerce and Delivery Services for Posti Group’s e-commerce and delivery services business operations and a member of the Management Team, effective December 1, 2025. Koivu will report to Posti Group’s CEO Antti Jääskeläinen.
From 2022 to 2025, Jani served as CEO of Kamux Suomi Oy and a member of the Group Management Team. He is known for his energetic, customer-centric, and results-oriented leadership style.
Danske Bank initiates coverage of Posti with a buy recommendation and a target price of 10.40 euros.
Nordea initiates coverage of Posti with a buy recommendation and a target price of 9.3 euros.
One major client relationship is apparently ending as Rautakesko begins operations in its own distribution center. A multi-million loss is expected in the results until a replacement client is found.
Small co-determination negotiations right at the start of the year. Streamlining feels like a good move.
Does anyone know how much dividend Posti pays? Inderes hasn’t made any forecasts. Apparently, Danske and Nordea have. Are they available anywhere?
My own dividend forecast is 0.54–0.62. Last year’s base dividend was 0.83. Then separately, a “cash drain” extra dividend of over 4€ before the listing.
