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PostNL N.V.

PostNL N.V.

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Publicatie datum 02 aug 2010 - 07:48
Statutaire naam PostNL N.V.
Titel Q2 & HY 2010 Results
Bericht Amsterdam, 02 August 2010 Q2 2010 GROUP • Operating income € 55 million (€ 178 million in Q2 2009), impacted by an initial € 168 million net Master plan III provision • Underlying* operating income € 211 million (€ 201 million in Q2 2009) • Profit attributable to shareholders € 3 million (€ 81 million in Q2 2009), impacted by significant one offs • Cash, as expected, below prior year mainly due to phasing of taxes paid and changes in working capital • Interim 2010 dividend of € 28 cents per share (€ 18 cents last year), which represents ~40% of normalised net income, at choice of shareholder in cash or stock EXPRESS • Underlying* revenues increase of € 150 million (+10.3%) • Underlying* operating income € 73 million (€ 63 million in Q2 2009) • Volumes back around 2007 levels (core kilos +9.5% versus Q2 2009) • Yield (excl fuel surcharge) remains clearly negative both year on year and in comparison to 2007 • Additional focus on margin improvement through yield and cost management started MAIL • Underlying* revenues decline of € 28 million (-2.7%) • Underlying* operating income € 136 million (€ 139 million in Q2 2009) • Addressed mail volumes in the Netherlands declined by 8.4% (corrected for working days), Parcel volumes grew by more than 10% • Final restructuring programme (Master plan III) announced VISION 2015 • TNT announces its intention to separate fully its Mail and Express businesses • Internal separation expected to be implemented 1 January 2011; capital market transaction separating the equity of Mail and Express to follow after further exploration • Separation aims to position Mail and Express for long-term success, as two strategically coherent and financially strong businesses • Full update at annual Analysts’ Meeting (2 December 2010) SUMMARY OUTLOOK 2010 TNT sees a modest improvement in the European economy. However, given that the global economic recovery remains fragile, caution remains warranted. The focus on costs and cash will therefore cont

Datum laatste update: 19 januari 2025