PostNL is a mail, parcel and e-commerce corporation with operations in the Netherlands, Germany, Italy, Belgium, and the United Kingdom. Co. has been assigned by the Dutch government to carry out the UPD (Universele Postdienst, Dutch for Universal Postal Service). Carrying out the UPD requires, amongst other things, Co. to deliver mail throughout the Netherlands five days a week (Tuesday through Saturday) and to maintain enough mailboxes in the country. ACM is charged with monitoring and enforcing the execution by Co. Co.'s operations are organized along three business segments: Mail in the Netherlands; Parcels; and International. Co. maintains over ten networks across thirteen countries.
  • TickerPNL
  • ISINNL0009739416
  • ExchangeEuronext Amsterdam
  • SectorIndustrial Transportation
  • CountryNetherlands
Bart Cuypers ...
  • Cedric Duinslaeger
  • Guy Sips
  • Lenny Van Steenhuyse
  • Michiel Declercq
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wim Hoste

Morning Note 4-5-2020 CFEB BB, EVS BB, EXM BB, FUR NA, HAL NA, KDS NA, PNL NA, QFG BB, SEQUA:BB, SOLV BB, UCB BB

CFE: Orion’s falling star EVS: Acquisition of Axon creates an end-to-end solution EXMAR: Solid start of 2020 Fugro: 1Q20 Conf Cal highlights Hal Trust: Broadview Acquires DOS Kiadis: Breathing room until YE20 PostNL: Surprising Q1 volume trends, FY outlook reiterated Quest for Growth: 1Q20 Trading Update Sequana Medical: New CMO Dr Oliver Gödje Solvac: Board Supports Solidarity Fund UCB: Evenity – limited impact of Covid-19

Alan Vandenberghe ...
  • Guy Sips
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Wido Jongman
  • Wim Hoste

Morning Note: ABI BB, COLR BB, OPTI BB , FAGR BB, JEN BB, PIC BB, PNL NA, XIOR BB

AB InBev: Halves final dividend to € 0.50 per share Colruyt: From windfarm to fork Crescent: Working together with WMW to offer Covid solutions Fagron: Net positive effect of COVID-19 in 1Q20 Jensen-Group: Significant slowdown in order intake – No dividend Picanol: Restarting production at its Ieper plant as of today PostNL: Covid-19 update Xior: Securing liquidity - diversifying debt base

An unfavourable environment weighs on POSTNL NV, which sees a downgrade to Slightly Negative

The independent financial analyst theScreener just requalified the general evaluation of POSTNL NV (NL), active in the Delivery Services industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date March 31, 2020, the closing price was EUR 1.15 and its target price was estimated at EUR 1.08.

Alan Vandenberghe ...
  • Bart Cuypers
  • Cedric Duinslaeger
  • Joachim Vansanten
  • Ruben Devos
  • Wim Hoste

Morning Note: ARCAD NA, BALTA BB, BEKB BB, CFEB BB, DIE BB, ONTEX BB, PNL NA, TINC BB

Arcadis: CFO Sarah Kuijlaars leaves Arcadis Balta: Preview: 4Q EBITDA expected to be hit by Rugs Bekaert: FY results a slight beat, good debt reduction CFE: DEME partnering up further for green hydrogen D'Ieteren: Preview FY19 Ontex: Strong margin, leverage down, supportive outlook PostNL: 30-40% cut in FCF forecasts, TP goes to € 1.70 TINC: HY19/20 Results in line with expectations

Alan Vandenberghe ...
  • Ruben Devos
  • Wim Hoste

Morning Note: ABI BB, PNL NA

AB InBev: Preview 4Q : consensus looks conservative PostNL: Parcel slow-down, weak FCF, downgrade to HOLD Various: Dynamic Top Pick List : PostNL out

1 director sold

A director at Postnl N.V. sold 45,281 shares at 2.365EUR and the significance rating of the trade was 58/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board mem...

Bart Cuypers ...
  • Cedric Duinslaeger
  • Guy Sips
  • Lenny Van Steenhuyse
  • Michiel Declercq
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wim Hoste

Morning Note 4-5-2020 CFEB BB, EVS BB, EXM BB, FUR NA, HAL NA, KDS NA, PNL NA, QFG BB, SEQUA:BB, SOLV BB, UCB BB

CFE: Orion’s falling star EVS: Acquisition of Axon creates an end-to-end solution EXMAR: Solid start of 2020 Fugro: 1Q20 Conf Cal highlights Hal Trust: Broadview Acquires DOS Kiadis: Breathing room until YE20 PostNL: Surprising Q1 volume trends, FY outlook reiterated Quest for Growth: 1Q20 Trading Update Sequana Medical: New CMO Dr Oliver Gödje Solvac: Board Supports Solidarity Fund UCB: Evenity – limited impact of Covid-19

Alan Vandenberghe ...
  • Guy Sips
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Wido Jongman
  • Wim Hoste

Morning Note: ABI BB, COLR BB, OPTI BB , FAGR BB, JEN BB, PIC BB, PNL NA, XIOR BB

AB InBev: Halves final dividend to € 0.50 per share Colruyt: From windfarm to fork Crescent: Working together with WMW to offer Covid solutions Fagron: Net positive effect of COVID-19 in 1Q20 Jensen-Group: Significant slowdown in order intake – No dividend Picanol: Restarting production at its Ieper plant as of today PostNL: Covid-19 update Xior: Securing liquidity - diversifying debt base

An unfavourable environment weighs on POSTNL NV, which sees a downgrade to Slightly Negative

The independent financial analyst theScreener just requalified the general evaluation of POSTNL NV (NL), active in the Delivery Services industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date March 31, 2020, the closing price was EUR 1.15 and its target price was estimated at EUR 1.08.

Alan Vandenberghe ...
  • Bart Cuypers
  • Cedric Duinslaeger
  • Joachim Vansanten
  • Ruben Devos
  • Wim Hoste

Morning Note: ARCAD NA, BALTA BB, BEKB BB, CFEB BB, DIE BB, ONTEX BB, PNL NA, TINC BB

Arcadis: CFO Sarah Kuijlaars leaves Arcadis Balta: Preview: 4Q EBITDA expected to be hit by Rugs Bekaert: FY results a slight beat, good debt reduction CFE: DEME partnering up further for green hydrogen D'Ieteren: Preview FY19 Ontex: Strong margin, leverage down, supportive outlook PostNL: 30-40% cut in FCF forecasts, TP goes to € 1.70 TINC: HY19/20 Results in line with expectations

Alan Vandenberghe ...
  • Ruben Devos
  • Wim Hoste

Morning Note: ABI BB, PNL NA

AB InBev: Preview 4Q : consensus looks conservative PostNL: Parcel slow-down, weak FCF, downgrade to HOLD Various: Dynamic Top Pick List : PostNL out

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 05/11/2019 - MOL, Telefonica - FR

MOL (Achat) : Se renforce dans l’Upstream Telefonica (Achat hybrides) : Confirme ses objectifs pour 2019 avec un croissance attendue de l’EBITDA de +2% AIB Group (Achat) : Vente d’un portefeuille de NPL d’une valeur de €850m Teleperformance (Achat) : Relève ses objectifs 2019 et vise une croissance organique >10% Colgate-Palmolive : Emission de deux souches senior unsecured pour un montant total de €1 md Ferrari (Achat) - 9M-19 : EBITDA de €936m (+11%) Saint-Gobain (Achat) : Cède son activité de polystyrène expansé (PSE) PostNL...

Moody's withdraws PostNL's Baa2 rating following the repayment of the GBP Eurobonds

Moody's Investors Service has today withdrawn the Dutch postal operator PostNL N.V.'s ("PostNL") Baa2 long term issuer rating. At the time of withdrawal the outlook on the rating was stable. RATINGS RATIONALE Following the repayment at maturity on August 14, 2018 of its ...

PostNL N.V.: Update to credit analysis

Our credit view of PostNL, reflecting its sound liquidity, the current challenges in the mail business and our expectation of a gradual recovery in its operating performance from 2019.

PostNL N.V. - September 2017 (LTM): Peer Snapshot

Peer Snapshot:  PostNL N.V. - September 2017 (LTM) 11 December 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Sep-17 FYE Dec-15 FYE Dec-16 LTM Sep-17 FYE Dec-15 FYE Dec-16 LTM

PostNL N.V.: Annual Update

CORPORATES CREDIT OPINION 12 May 2017 Update RATINGS PostNL N.V. Domicile Amsterdam, Netherlands Long Term Rating Baa2 Type LT Issuer Rating Outlook Stable Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Lorenzo Re 39-02-9148-1123 VP-Senior Analyst [email protected] Giuliana Ci

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 18/04/2017

Under agenda item 16, authorisation is requested to restrict or exclude the pre-emptive rights allowed to shareholders when issuing new shares. The requested authorisation is 10% of the share capital, plus 10% in case of mergers and acquisitions and this amount exceeds our guidelines, which stipulate a maximum of 10% of the share capital.Therefore we recommend to OPPOSE.

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