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PostNL full year 2015 underlying cash operating income €303 million

Staff writer |
PostNL reported that its revenue slightly increased to €1,007 million (Q4 2014: €995 million).

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Underlying cash operating income increased 21% to €147 million (Q4 2014: €121 million). Net cash from operating and investing activities increased to €181 million (Q4 2014: €169 million) after adjustment for first payment of unconditional funding obligation of €32 million to pension fund.

Consolidated equity position improved to €(223) million (Q3 2015: €(440) million).

Full year 2015

- Underlying cash operating income increased to €303 million (FY 2014: €287 million)
- Profit amounted to €149 million, impacted by exit costs and the management buy-out in the United Kingdom (FY 2014: €226 million, including positive impact past service pension costs)
- Addressed mail volume declined by 11.2% and Parcels volumes grew 9.6% €85 million costs savings achieved

Herna Verhagen, CEO of PostNL, said: "Overall, 2015 was another solid year for PostNL and we continued to deliver on the promises we made. We proved our ability to adapt our organisation to the changing environment. Full year underlying cash operating income came in at €303 million, slightly above the midpoint of our prior guidance.

"For 2016, we are well-positioned to further benefit from the growing e-commerce market, given our focus on innovative and market driven solutions."


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