Report
Stefano Toffano ...
  • Wim Gille

PostNL : Preview 1Q 2023 (8 May)

>2023 will be another challenging year - 2022 was a tough year for PostNL marked by a historically low visibility, and we expect this to continue in 2023. The macro-economic environment remains challenging, particularly at Parcels. Pressure remains on the cost basis as well, along with a continued implementation of the new CLAs and the impact from restructuring charges. We remain cautious, and adjust our medium term estimates accordingly.PostNL estimates€ m§...
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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