PostNL reports Q1 earnings loss, misses estimates on labour costs
06/05/2024 06:14
May 6 (Reuters) - Dutch postal firm PostNL PTNL.AS
reported a loss for its first-quarter normalised earnings before
interest and taxes that was below market expectations on Monday,
citing a mainly labour-related challenging environment.
The company, which delivers parcels and letters across
Belgium, the Netherlands and Luxembourg, reported a loss for its
normalised operating earnings of 9 million euros ($9.68
million), down from a profit of 7 million euros a year earlier.
Seven analysts polled by the company had forecast a loss for
quarterly normalised operating earnings of 2 million euros on
average.
($1 = 0.9293 euros)
(Reporting by Olivier Cherfan in Gdansk; editing by Christian
Schmollinger)
((olivier.cherfan@thomsonreuters.com))