PostNL N.V.
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Publicatie datum
22 feb 2010 - 07:47
Statutaire naam
PostNL N.V.
Titel
Trading conditions in Q4 2009 improving
Bericht
Amsterdam, 22 February 2010
Q4 2009
GROUP
- Reported operating income € 128 million (€ 160 million in Q4 2008), including one-off charges (mainly non cash) of € 191 million
- Underlying* operating income at € 322 million improves for the first time since Q2 2008, year-on-year
- Net cash from operating activities strong at € 352 million
EXPRESS
- Sequential improvement in Express volume development with first year-on-year volume increase
- Cost savings € 60 million
- Underlying* operating income up 20.5% to € 106 million (€ 88 million in Q4 2008)
- Underlying* operating margin above 2008 levels for the first time in 2009 (Q4 2009 6.3% vs Q4 2008 5.3%) and highest of 2009
MAIL
- Addressed mail volume decline in the Netherlands 5.9% in line with trend
- Master plan savings of € 33 million in the quarter
- € 146 million impairments and other value adjustments in EMN following strategic review
- Underlying* operating income down 1.3% to € 229 million (€ 232 million in Q4 2008)
FULL YEAR 2009: WEATHERING THE STORM
HIGHLIGHTS
- Sequential improvement in Express volume development started in Q3 2009
- Mail volume decline in line with expectations at -4.7%
- Cost savings € 527 million
- Reported operating income € 648 million (€ 982 million in FY 2008), including one-off charges (mainly non cash) of € 222 million
- Underlying* operating income € 896 million (2008: € 1,141 million)
- Net cash from operating activities at € 1,016 million
- Net debt reduced by € 638 million to € 1,106 million
- Announcement Vision 2015 strategy
DIVIDEND
- Total proposed distribution to shareholders of € 0.53 per share, pay-out ratio of ~40% of normalised net income
€ 0.18 already paid by way of interim dividend, optional in cash or shares
€ 0.35 as final dividend, optional in cash or shares
OUTLOOK 2010 SUMMARY
TNT sees early signs of a somewhat improving trend in the economy, but remains cautious on a continuation of the economic recovery. Express volumes, revenues and results
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Datum laatste update: 21 december 2025