PostNL : Q4 23 pre-release
>Results higher than our expectations, but below the (adjusted) guidance - This morning PostNL provided an (unscheduled) update on its Q4 23 and FY performance. Overall it seems that the company continued to experience the same pressures as over the past few quarters: unfavourable mix, higher sick-leave, relative low flexibility to adjust capacity. Group revenue for the quarter came in at € 899m (+3.1% vs AAOBe) and normalised EBIT at c. € 77m (+10% vs AAOBe); this co...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.
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.
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