Report
Stefano Toffano ...
  • Wim Gille

PostNL : Closing a tough year, and getting ready for another

>The end of a difficult year - 2022 has been a tough year for the PostNL, marked by a historically low visibility. Revenue for the quarter came in at € 883m and normalised EBIT at € 60m, bringing the full year to € 3,144m and € 84m respectively. The results were slightly worse than ccs from a revenue perspective and c. 5% better than ccs on normalised EBIT, showing relatively good cost control in a quarter once again marked by a strong increase in operational expenses...
Underlying
PostNL NV

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.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Stefano Toffano

Wim Gille

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