PostNL: Best day in 5 mths after Q2 operating income beat

Quantum Capital

05/08/2019 08:58

** Shares in PostNL  PTNL.AS  jump 7% after cost savings and
lower outflows for pensions and provisions help offset the Dutch
postal services provider's weaker-than-expected volume
performance 
    ** Q2 revenue is marginally below expectations, but PostNL's
underlying cash operating income beats a company-compiled
consensus by 20%  urn:newsml:reuters.com:*:nL8N2510Q8
    ** PostNL has also announced an agreement with Quantum
Capital Partners  QTCI.PK  to sell its German unit Postcon and
set an interim dividend at 0.08 euro per share  urn:newsml:reuters.com:*:nL5N1UX1PS
    ** The dividend decision is a surprise, Jefferies says,
adding payouts to shareholders will likely be skipped for the
next two years due to increasing capex, working capital and
pension funding
    ** The stock [-19% YTD] is the best performer on the
Amsterdam Exchange index  .AAX 

 ((zuzanna.szymanska@tr.com))