PostNL has set the financial accounts for 2014 based on this cost allocation. Following four years of USO losses totalling approximately € 170 million, in 2014 PostNL realised a positive result of € 76 million (returns of 9%), in spite of continued volume decline. This result was achieved through PostNL’s considerable cost cutting savings programme and through increased rates. This has brought the rates in line with those in other European countries. Cost savings and rate increases will continue to be necessary measures to mitigate the impact from volume decline in order to guarantee a reliable and accessible postal network in the future.
Following the agreement of the cost allocation, ACM has also taken the decision to fix the tariff headroom for the USO for 2016. PostNL will announce the rates for 2016 once these have been set.
We are PostNL. We are an essential link between the physical and the online world. We have the largest network for letters, parcels and e-commerce in the Benelux countries. Our combinations of smart networks and digital applications enable us to provide our clients with valuable solutions. We live in a world where digital applications play an increasingly large role in our daily lives. These services develop very rapidly. We put our resourcefulness to good use to constantly think up new ways to connect senders and receivers.
As the first listed postal company, we are an example to the rest of the world in automatic letter sorting. And our innovative parcels network is completely adapted to the wishes of web retailers. Outside the Netherlands, we are active in Germany, the United Kingdom, Italy, Belgium and Luxembourg. PostNL employs a total of approximately 56,000 people. In 2014 our revenues reached almost € 4.3 billion.