PostNL : We expect lower end of 2021 guidance range
>3Q 2021 roughly in line on headline numbers - PostNL reported 3Q 2021 results that were roughly in line on normalised EBIT, but the mix was somewhat different than expected. Parcels was below expectations, while mail and PostNL other were ahead. 3Q 2021 revenues were below expectations, due to both mail and parcels. Margins in parcels plunged to below pre-Covid-19 levels, but management explained that the additional capacity created in the network for peak season and...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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