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.