PostNL falls close to 5-year low after prelim. Q4 profit miss
20/01/2025 08:48
** Shares in PostNL PTNL.AS fall 6.5% to their lowest
price since March 2020, after the Dutch postal operator's
preliminary Q4 EBIT missed market expectations and brought its
full-year profit estimate well below earlier forecast
** Q4 results disappoint due to an acceleration of existing
trends, with higher-than-expected client concentration and
unfavourable volume distribution during the peak period, KBC
says
** "We are not surprised by a warning, but the size of this
miss on REBIT is bigger than anticipated," Degroof Petercam says
** The PostNL stock is on track for its worst day since Nov.
6, 2023, when it closed 12.6% lower
(Reporting by Alessandro Parodi and Gianluca Lo Nostro)
((alessandro.parodi@thomsonreuters.com;
gianluca.lonostro@thomsonreuters.com))