PostNL – parcel revenues up, mail revenues down

PostNL has said that for the financial year ending 2021, its revenue is set to hit €3.466 billion, in preliminary financial results.

Operating profit is set to be €308 million, and thanks to the strong financial position the postal operator is planning a share buyback programme.

Amongst other highlights, parcels revenue grew to €2.363 billion from just over €2bn in 2020. Mail revenues fell from €1,708 million in 2020 to €1,683 million in 2021.

Herna Verhagen, CEO of PostNL, commented: “2021 again qualifies as an exceptional year, impacted by the pandemic. Thanks to our people and the resilience of our business, we show strong results driven by a solid business performance at Parcels and a strong result at Mail in the Netherlands. Our cash flow performance was very strong in 2021 and exceeded our expectations, further strengthening our financial position. In line with our capital allocation framework, we are now well positioned to launch a share buyback programme. Confidence in the successful execution of our strategy gives us comfort around our longer-term business performance and cash generation perspective. We will continue to focus on value creation for all stakeholders through growth opportunities, cost savings initiatives, accelerating digitalisation, and our environmental and social initiatives. Since the start of the pandemic, we have recognised the efforts and hard work of our people, partners and retailers. We will continue to take our responsibility as a company and deliver special moments.”

Full results are to be published on the 28th February.

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