PostNL : Small, positive developments
>Normalised EBIT above ccs and AAOBe - FY24 remains a year marked by negative mix effects impacting the company’s results. Q2 24 group revenue was in line with ccs and our slightly below our expectations, coming it at € 795m for the quarter. Normalised EBIT was € 18m (€ 17m for Q2 23), an improvement yoy and higher than ccs and AAOBe. Free cash flow generation was negative during the quarter at € -19m, an improvement vs Q2 23 (€ -31m). The quarter was marked by unfa...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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