PostNL soars as it posts Q2 beat, appeals Dutch decision to not pay subsidies

PostNL

04/08/2025 09:34

** Shares in PostNL PTNL.AS rise 9% after the postal group reported a Q2 EBIT beat and said it was appealing Dutch government's rejection of state aid for 2025-2026

** The appeal against the government's decision to reject the company's application for financial support in 2025 and 2026 will be launched on Monday, it says

** ING analysts say PostNL has a strong case as it files for preliminary legal proceedings, asking for an advance payment, which they say could make the shares attractive

** Q2 EBIT beat was driven by a better than expected result in the mail segment following lower than expected substitution and a release of some provisions, KBC Securities says

** The shares are tracking their best day in two years if the gains hold

($1 = 0.8651 euros)

 (Reporting by Olivier Cherfan)

 ((olivier.cherfan@thomsonreuters.com))