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PostNL N.V.

PostNL N.V.

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Publicatie datum 02 mei 2011 - 07:45
Statutaire naam PostNL N.V.
Titel Q1 2011 Results TNT NV
Bericht MAIL BUSINESS • Underlying revenues up 3.8% to € 1,107 million • Underlying operating income € 120 million; underlying cash operating income € 76 million • Good performance on net cash from operating activities • Addressed mail volumes declined by 8.6%; revenues Mail in NL down 6.3% • Parcels on track and International improving • Clarity on new tariff regulation Universal Service Obligation EXPRESS BUSINESS (DISCONTINUED OPERATIONS) • Underlying revenues increased by 4.4% to € 1,759 million • Underlying operating income € 49 million • Express’ quarter as previously indicated in 8 April 2011 Business and Demerger Update. Immediate actions being taken on Brazil and €120 million non-cash impairment • New annualised savings targeted at € 40 - 50 million Note: The underlying figures are at constant currency and exclude items as detailed on pages 4 and 8 of the press release. MAIL BUSINESS 2011 Mail expects addressed volume declines in 2011 in the Netherlands of 8 – 10% due to ongoing substitution and competition, in this second year after full liberalisation. Master plan savings of € 50 – 60 million are targeted for the year. Mail’s underlying cash operating income (defined as underlying operating income minus pension cash outflows and cash out for restructuring) is expected to be € 130 – 170 million. After separation, Mail’s dividend guidelines for the next few years will include a payout around 75% of underlying net cash income, with a minimum of € 150 million per annum. In addition, shareholders will be given the dividend that Mail receives from the Express business. The 2011 additional financial indicators relevant to underlying cash operating income: • Pensions: gross cash contributions for defined benefit obligations approximately € 265 million (2010: € 240 million) – the P&L impact will be adjusted at the moment of demerger • Restructuring cash outflows: around € 80 – 90 million (2010: € 58 million) Other 2011 additional financial indicators: • Effecti

Datum laatste update: 01 september 2024