PostNL will see further growth in packs – Telegraaf.nl

PostNL will see further growth in packs – Telegraaf.nl

THE HAGUE (Reuters) – PostNL thanks to the growing packet transport managed to improve its results last quarter. The postal company expects growth this year continues and thus again can offset the further contraction of the postal market.

Royal PostNL to detail & gt;

TNT Monday reported a turnover of 1.2 billion euros in the fourth quarter. That was 4 percent more than a year earlier. The underlying operating result improved to the same extent, to 148 million euros. Net profit amounted to 116 million euros. That was 9 million less than a year earlier, as the fluctuations in the value of the interest to be left in courier company TNT account.

The traditional postal market shrank last year by nearly 11 percent, making sales there last quarter, 1 percent lower than a year earlier. Revenue grew out of the packet transport, thanks to the rise of Internet shopping, with 12 percent.

TNT

international activities PostNL spent 10 percent more than a year earlier. The postal company caught the shrinkage of the letters market largely with spending cuts and raising the stamp price. That mix should also 2015 to ensure that the decrease of the turnover is limited, while the benefits of packet transport and from abroad by about 5 percent to grow.

The cost-cutting program delivers 2015 expected 75 to 95 million euros, against 127 million in 2014. Chairman Verhagen has indicated that the current reorganization runs until 2017 and during that time will yield sufficient savings. On further measures after that

time, however, already considered.

Earnings Forecast

The postal company sharpness profit forecast for this year and now assumes a underlying cash operating profit of 280 to 320 million euros. Here was previously gone for 260 and 330 million in 2015. The restructuring costs this year 25 to 45 million from 27 million in 2014. The investments come from approximately 115 million euros. Which last year amounted to 83 million euros.

PostNL maintains the commitment to pay dividends again in 2016. Before that, however, the company is also dependent on the interest rate and the value of his shares TNT. In any case, one of the two must be raised to pay for the company enable back money to its own shareholders. Verhagen said the possibility for dividend 60 percent determined by factors beyond the company itself has influence.

Share

Verhagen called 2014 ,, a good year with a solid basis for 2015 ”. Throughout last year, PostNL saw sales grow by 2 percent, to 4.3 billion euros. Net profit amounted to 226 million euros, against a loss of 170 million euros in 2013. However, this was more due to the declining value of the shares of TNT.

With regard to the interest in TNT continues his PostNL consider options. The company does not see himself as a shareholder for the long term and are trying to determine the best time for a further reduction of the interest. Further details on this were not provided

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