Dutch postal operator intends to sell assets in Germany and Italy

PostNL, the Dutch postal operator, announced its intention to sell the German unit Postcon and the Italian division Nextive in order to focus on the markets of Belgium, the Netherlands and Luxembourg. The company revised its annual forecast, taking into account the changes in the classification of units in Germany and Italy from the current quarter. PostNL expects a basic operating profit in the range of 160 million to 190 million euros instead of the 200 million euros expected earlier. In the second quarter, the company increased the number of sent parcels by 22% and reduced the number of letters by 10.8%. In the first half of the year, revenue from the delivery of goods from online stores increased by 44%. In the second quarter, the company recorded a net loss of 1 million euros against a net profit of 29 million euros a year earlier.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
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