PostNL N.V.
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Publicatie datum
03 mei 2010 - 07:49
Statutaire naam
PostNL N.V.
Titel
Overall trading conditions continue to improve
Bericht
Q1 2010
GROUP
• Operating income € 251 million (€ 163 million in Q1 2009); quarter benefited from four
extra working days
• Profit attributable to shareholders € 143 million (€ 76 million in Q1 2009)
• Net debt stable versus year-end 2009
• Vision 2015 implementation as per AGM announcement progressing
EXPRESS
• Development of Express volumes continues to improve
• Negative year-on-year yield development shows early signs of stabilisation
• Underlying* operating income € 59 million (€ 23 million in Q1 2009)
MAIL
• Addressed mail volumes in the Netherlands declined by 9.7% (corrected for working
days and one-off mailings)
• Good performance improvement Emerging Mail & Parcels
• Underlying* operating income € 159 million (€ 149 million in Q1 2009)
SUMMARY OUTLOOK 2010
TNT sees a modest improvement in the economy. Express volumes, revenues and results are expected to be well above 2009 levels, though could be tempered by continuing yield pressure and cost inflation. Mail volumes and results are expected to be below 2009 levels. TNT continues to focus on costs and cash.
CEO Peter Bakker comments: ‘As noted in our 8 April AGM trading update, Q1 2010 continued to show a positive trend. Reported operating income from both divisions was up versus the prior year.
We have every reason to be satisfied with the results in all parts of our business. The profit recovery testifies to the hard work of TNT’s employees around the world, squeezing the cost base and helping the company navigate through the 2008/09 economic crisis. However, as a guide for full year performance, this quarter also needs to be understood as having benefited from extra working days.
Volumes in Express have improved, albeit against a soft Q1 2009 comparison. In recent weeks, volumes have almost returned to levels seen in the more normal trading period of Q1 2007, though some customer feedback indicates that this is partially driven by re-stocking of supply chains. The negative year-on-year yield devel
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Datum laatste update: 28 juli 2024