PostNL CEO claims “significant progress” in transforming business
CEO Herna Verhagen has today claimed that PostNL has made “significant progress” in transforming itself “into an efficient, flexible, customer oriented and financially healthy company”. PostNL yesterday (2 November) reported its financial performance for the third quarter (Q3) of 2015 – and today it issued a statement outline its future strategy and views on market developments.
The company said that it was expecting an underlying cash operating income of between €220m and €260m for 2016. Looking further ahead, PostNL predicted: “After 2016, results are expected to gradually improve towards 2020.”
The company added that its ambition for 2020 was to have an underlying cash operating income of between €265m and €335m. (These figures exclude results for the company’s German activities, as a strategic review of these operations is in progress.)
Herna Verhagen, the CEO of PostNL, commented: “We have made significant progress in transforming PostNL into an efficient, flexible, customer oriented and financially healthy company over the past few years. By building on our core competences, we are prepared for the continuously changing markets in which we operate. At the same time, we have strengthened our quality, customer satisfaction and employee engagement, creating an attractive place to work for our people and a company that is committed to making the lives of our customers easier.
“Our 2020 ambition is being the postal & logistic solution provider in chosen markets. This overall ambition is being supported by the focus within our segments.
“In Mail in the Netherlands we remain focussed on delivering a sustainable cash flow and we will balance the expected volume decline with an increased cost savings ambition and price increases well above inflation.
“In Parcels our focus is on creating further profitable growth by strengthening our position as leading e-commerce logistics company in the Benelux.
“In International, we focus on further building Nexive’s position in the Italian market and capturing opportunities of accelerating global e-commerce growth, which will result in enhanced cash profitability.
“Furthermore, we see upward potential for our results beyond 2020 in three substantial growth domains which are close to our competences.
“By combining these ambitions with the strengthening of our financial health, we invigorate our commitment to restoring dividend and creating long term shareholder value.”
