PostNL: stock up after Q2 results
(CercleFinance.com) - PostNL shares are up 3% in Amsterdam today following the publication, of a Q2 normalised EBIT that is stable y-o-y at E18m, as well as a negative free cash flow, albeit better year-on-year - from -E34m to -E19m.
The Dutch postal operator's revenues rose 3% to E795m, underpinned by 6% growth in parcel volumes, notably driven by continued strong growth from international customers.
Reflecting the assumption of a gradual improvement in the economic environment, PostNL confirms its annual targets of normalised EBIT of between E80m and E110m, and free cash flow of 0 to E40m.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The Dutch postal operator's revenues rose 3% to E795m, underpinned by 6% growth in parcel volumes, notably driven by continued strong growth from international customers.
Reflecting the assumption of a gradual improvement in the economic environment, PostNL confirms its annual targets of normalised EBIT of between E80m and E110m, and free cash flow of 0 to E40m.
Copyright (c) 2024 CercleFinance.com. All rights reserved.