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PNL PostNL NV News Story

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PostNL shares fall after Q1 miss

** Dutch mail and parcels deliverer PostNL PTNL.AS shares fall 4.5% after Q1 revenues came in flat at 781 million euros, missing ING's estimate of 810 million euros on weak e-commerce volume trends

** ING says e-commerce volumes fell 7.1%, well below its +2.0% forecast, hit by weaker consumer spending and pressure from ongoing contract negotiations, adding that "the risk is on the downside" despite FY guidance being reiterated

** Degroof Petercam notes revenue slightly exceeded its 760 million euro ($888.90 million) estimate, but warns that "delivering will not be a walk in the park" amid low consumer confidence and high fuel prices

** Including today's fall, the stock has dropped by 3.97% YTD

($1 = 0.8550 euros)

 (Reporting by Jerome Terroy)

 ((jerome.terroy@thomsonreuters.com))

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