PostNL N.V. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017; Reaffirms Earnings Guidance for 2017
May 08, 2017 at 08:23 am EDT
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PostNL N.V. announced unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported net sales of EUR 867 million against EUR 862 million a year ago. Operating income was EUR 66 million against EUR 70 million a year ago. Profit before income taxes was EUR 56 million against EUR 54 million a year ago. Profit for the period attributable to equity holders of the parent was EUR 41 million or 9.2 cents diluted per share against EUR 39 million or 8.8 cents diluted per share a year ago. Net cash used in operating activities was EUR 2 million against EUR 17 million a year ago. Capital expenditure on intangible assets was EUR 8 million against EUR 5 million a year ago. Capital expenditure on property, plant and equipment was EUR 15 million against EUR 8 million a year ago. Underlying cash operating income was EUR 50 million against EUR 61 million a year ago. Underlying operating income was EUR 68 million against EUR 79 million a year ago.
For the year 2017, it expects underlying cash operating income of between 220 million and 260 million.
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%).