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Solid performance PostNL continued in Q1 2014

"We had a good start of the year with our underlying cash operating income increasing by €54 million to €77 million. The reorganisation delivered strong cost savings that came in early, thanks to the excellent execution of the transition from a six to five days delivery model and the implementation of a leaner overhead structure in Mail in the Netherlands." - Herna Verhaegen, CEP of PostNL

"The cost savings, together with the price increases more than compensated for the volume decline in Mail in the Netherlands. Phasing effects over the remainder of the year will make it more difficult to replicate the strong performance of the first quarter. The result of International was positive, but below last year’s performance. Parcels performed in line with expectations. Overall, we made good progress towards our sustainable delivery 2015 targets."  Read more

Source: PostNL

 

 
   
         
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