Hellenic Post Explained

Hellenic Post
Type:Anonymi Etairia
Native Name:Ελληνικά Ταχυδρομεία
Native Name Lang:el
Foundation:1828 (as organisation)
1970 (as company)
Location City:Athens
Location Country:Greece
Area Served:Greece
Key People:Daniel Benardout (Chairman)
Gregory Sklikas (CEO)
Industry:Postal services, Courier
Services:Letter post, parcel service, EMS, delivery, freight forwarding, third-party logistics
Revenue:€318.46 million
Revenue Year:2020[1]
Operating Income:€(17.83) million (2020)
Net Income:€9.58 million
Net Income Year:2020
Assets:€584.88 million
Assets Year:2020
Equity:€38.77 million
Equity Year:2020
Owner:HCAP (100%)[2]
Num Employees:7,000
Num Employees Year:2020[3]
Subsid:ELTA Courier
Footnotes:source[4]

The Hellenic Post S.A. (Greek, Modern (1453-);: Ελληνικά Ταχυδρομεία, abbreviated ΕΛΤΑ, ELTA) is the state-owned provider of postal services in Greece. It succeeded the former government Postal Service, founded in 1828. ELTA provides a universal postal service to all parts of Greece and is a member of the Universal Postal Union. Services provided include: letter post; parcel service; deposit accounts; Swiftpost, a nationwide next-day delivery service; and the EMS international express mail service.

History

Hellenic Post was founded in 1828 along with the modern Greek state. Since 1996 it has been operating as a public limited company owned by the state.

In 1834 an agreement with French banker Francois Feraldi ensured mail service to and from the Greek islands, and in 1836 placed the first wagons for transporting mail between Athens and Piraeus.

In 1860 the law on stamps came into force, and the first Greek postage stamp was printed at the Paris Mint, symbolically the head of Hermes.

In 1869 ELTA started using the Greek railway system, and in 1874 it was one of the founding members in the Universal Postal Union established in Bern.

In 1892 telephone services were added to the responsibilities of the post.

In 1909 the company inaugurated the rural postal service, which for remained for decades the sole means of communication for farmers in difficult to reach rural areas.

Starting in 1926, the Italian Aero Espresso started offering its services to ELTA for mail delivery by plane.

During the Greek Civil War, the post office was always present, ensuring and enabling communication with the front. In 1949, with the establishment of OTE, the telegraph and telephone services were separated from the postal service, which now became the sole service of ELTA.

Since 2006 ELTA have been providing banking services, in accordance with the partnership with Hellenic Postbank.

See also

External links

Notes and References

  1. Web site: Elta . 1 February 2022 . 1 February 2022 . https://web.archive.org/web/20220201194823/https://www.elta.gr/Portals/0/Files/IFRS%20Notes%20ELTA%202020_signed_1.pdf . dead .
  2. Web site: ELTA PORTAL. www.elta.gr. 7 January 2024.
  3. Web site: ELTA Hellenic Post SA | LinkedIn. gr.linkedin.com. 7 January 2024.
  4. Web site: Elta . 6 January 2017 . 7 January 2017 . https://web.archive.org/web/20170107095900/http://www.elta.gr/Portals/0/pdf/%CE%A3%CE%A5%CE%9D%CE%9F%CE%A0%CE%A4%CE%99%CE%9A%CE%91%20%CE%9F%CE%99%CE%9A%CE%9F%CE%9D%CE%9F%CE%9C%CE%99%CE%9A%CE%91%20%CE%A3%CE%A4%CE%9F%CE%99%CE%A7%CE%95%CE%99%CE%91.pdf . dead .