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Dutch PostNL Q2 operating income tops estimates, confirms outlook

Reuters | The Hague | Updated: 05-08-2019 11:15 IST | Created: 05-08-2019 11:09 IST
Dutch PostNL Q2 operating income tops estimates, confirms outlook
Image Credit: Pixabay

PostNL, the Netherlands' largest mail carrier, reiterated its full-year outlook on Monday, after posting a better-than-expected second-quarter underlying cash operating income (UCOI), helped by lower outflows for pensions and provisions. The mail carrier reported second-quarter UCOI of 41 million euros ($45.6 million) on Monday, above analysts' expectations in a company-provided poll.

The company made a "good" progress with the divestment process of Nexive and Postcon, agreeing to sell the latter business by the year-end, PostNL added. (1 = 0.8989 euros)


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