The improvement that PostNL about 2014 show, to be written especially to the credit of the Dutch postal workers. Substantial cost savings and some price increases were the mail division a strikingly strong increase in gross operating income. The margins against the company on mail delivery, now even on the same level as in package delivery.
Competition
This is evident from the annual figures published by the listed company Monday. The total operating profit doubled to € 293 million on revenues of € 4.2 billion.
The mail division has been struggling for years with significant decline volumes and increasing competition from more Sandd and SelektMail. The parent company is looking for compensation of losses of sales and profits and opts for parcel delivery and building an international network.
Cost savings and pensions
The figures of the ‘old’ mail division which published PostNL Monday, were much better than a year earlier. Revenue declined by over 2% to € 2.1 billion, but operating income tripled to € 231 million. This was mainly due to cost savings at the postal service, interventions which yielded € 127 million. A quarter of them was due to pension changes. Margins also improved because the postal rates were increased twice as much.
Positive was also that mail volumes in the Netherlands declined less than was estimated. The volume of addressed mail declined by 10.7% to almost 12% a year earlier. For the medium term, PostNL account with an annual decline of 9% to 12%.
2100 post offices
The mail delivery was retrenched last year. On Monday there is no longer delivered to home or office. The number of locations is declining. The Netherlands now has more post offices in 2100, and 19,000 mailboxes.
Whether the years to disappear again many locations, lies in the hands of politicians. The Senate shall decide this summer on the proposal to close the next three years a further maximum of 50% of the Dutch post offices and mailboxes.
Senate
“The decision in the Senate is in our vital important, “says CEO Herna Verhagen. The legal possibility to dispose of hundreds more offices, translates into significant cost savings for TNT. Verhagen Monday wanted to say anything about the location plans.
Sorting
Belangrijk for the innovative nature of the postal company PostNL new sorting machines will use. The company will invest this year a total of € 115 million, the bulk of it is spent on the purchase and installation of new sorting machines. There is now one installed in Utrecht, and there are still eleven at
The Authority Consumer & amp.; Market (ACM) can still throw a spanner in the works. The regulator is currently investigating whether PostNL has a substantial interest in the Dutch postal market. In the spring, the ACM with its findings.
As well as the postal service is running, so weak international position of PostNL especially in Germany. Verhagen spoke of setbacks on the German postal market where competition is exceptionally fierce and where daughter PostCon offering only a limited range of services. International, the second largest division, shows only a meager result: € 8 million on revenues of € 1.7 billion
Parcel delivery
The division which is vital for the future of PostNL, parcel delivery, let This time no see remarkable results. Sales increased by 6% to € 854 million and operating profit climbed 10% to € 98 million. The gross margins are thus 12%. PostNL last year launched an experiment with Sunday delivery. The trial has been expanded and PostNL now working for five clients.
On the Amsterdam exchange the quarterly and annual figures were received. The proportion Post NL posted Monday at the start of the afternoon € 3.94, a price gain of over 12%.
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