PostNL N.V. Announces Earnings Results for the Second Quarter of 2016; Provides Earnings Guidance for the Third Quarter of 2016, Full Year 2016 and 2017
August 08, 2016 at 05:30 am EDT
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PostNL N.V. announced earnings results for the second quarter of 2016. For the quarter, the company's underlying cash operating income was down from EUR 65 million to EUR 47 million. Profit for the period was EUR 170 million mainly explained by recycling effects from other comprehensive income to normal profit from the sale of TNT Express, EUR 145 million.
For the full year 2016, the company expected underlying cash operating income between EUR 220 million and EUR 260 million. The company expected to spend around EUR 100 million of CapEx related to expected higher investments in the second half year on the new sorting machines and coding machines, but also on Parcels.
For the third quarter of 2016, the company expected better results than full year trend, partly driven by expected better performance in Parcels and also by the improvement in results in International.
For the 2017, the company expected underlying cash operating income between EUR 230 million and EUR 270 million. The company still expect to spend around EUR 100 million on CapEx related to expected higher investments in the second half-year on the new sorting machines and coding machines but also on parcels.
PostNL N.V. specializes in supplying mail, parcels and e-commerce services. The company also provides services in the area of data and document management, direct marketing and fulfilment. Net sales (including intragroup) break down by activity as follows:
- parcel delivery (58.3%): in 2023, PostNL N.V. delivered 343 million parcels in Belgium, the Netherlands and Luxembourg;
- mail delivery in the Netherlands (35.4%): 1,745 million postal items processed in 2023;
- other (6.3%).
Net sales are distributed geographically as follows: the Netherlands (85.3%), Europe (8.5%) and other (6.2%).
PostNL N.V. Announces Earnings Results for the Second Quarter of 2016; Provides Earnings Guidance for the Third Quarter of 2016, Full Year 2016 and 2017