PostNL : Preview 4Q 2022 (27 February)
>We expect another tough quarter… - 2022 has been a tough year for the PostNL, marked by a historically low visibility. We expect the trend of the first three quarters to have continued into the last quarter of the year. In its pre-close call, PostNL noted that 4Q22 has been in line with (internal) expectations from an operational perspective, but marked by a strong increase in operational expenses, a.o. due to the (retroactive) impact of CLA implementations....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.
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