PostNL reports mixed profits in 4Q2012, decline in 2012

PostNL revenue up 3% - financial highlights:

• Three months ended 31-Dec-2012:
  • Revenue: EUR1201 million, +2.6% year-on-year;
  • Operating profit: EUR219 million, +64.7%;
  • Net profit: EUR154 million, -3.8%;
• 12 months ended 31-Dec-2012:
  • Revenue: EUR4330 million, +0.8%;
  • Operating profit: EUR291 million, -30.2%;
  • Net profit: EUR677 million, -61.0%;
  • Total assets: EUR4656 million, +13.1%;
  • Cash and cash equivalents: EUR391 million, -41.5%;
  • Total liabilities: EUR3576 million, -3.5%;
• 2013 forecast:
  • Revenue: Stable;
  • Underlying cash operating profit: EUR20 million to EUR60 million. [more - original PR]

PostNL: "For 2015, I am confident that PostNL will be able to generate sustainable cash profitability. Our outlook for 2015 for underlying cash operating income remains EUR300 million to EUR370 million," Herna Verhagen, CEO. Source: Company statement, 25-Feb-2013.