Brief: PostNL Q1 Normalised EBIT Turns To Loss Of 9 Million Euros

PostNL

06/05/2024 06:12

May 6 (Reuters) - PostNL NV  PTNL.AS :
    * POSTNL REPORTS Q1 2024 RESULTS
    * OUTLOOK 2024 CONFIRMED
    * Q1 PARCEL VOLUMES UP 4.6%, WITH DOMESTIC VOLUMES RESUMING
GROWTH
AND CONTINUED STRONG GROWTH FROM INTERNATIONAL CUSTOMERS
    * Q1 MAIL VOLUMES DOWN 12.5% (-8.3% ADJUSTED FOR ELECTION
MAIL),
MAINLY DUE TO ONGOING SUBSTITUTION
    * Q1 REVENUE EUR 765 MILLION VERSUS EUR 783 MILLION YEAR AGO
    * IN Q1 2024, NORMALISED EBIT DECLINED TO €(9) MILLION (Q1
2023:
€7 MILLION)
    * Q1 FREE CASH FLOW CAME IN AT €(7) MILLION (Q1 2023: €(31)
MILLION)

Source text: https://tinyurl.com/d68y2xje
Further company coverage:  PTNL.AS 

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