PostNL supports local management and expects that it will be able to improve Postcon’s profitability by growing its market share through expanding its customer base, improve pricing and implement further cost reductions. PostNL expects Postcon to be break-even in 2016 and to contribute to its cash profitability in the years thereafter.
This decision will not impact the 2016 outlook for PostNL’s underlying cash operating income. The ambition for 2020 will be adjusted to between €285 million - €355 million, compared to €265 million - €335 million excluding the German activities.
Strategic review international activities
In May 2015 PostNL announced a strategic review of the international activities. The strategic review of the activities in the United Kingdom resulted at the end of July in an agreement on the main conditions of a management buy out of Whistl, that was completed on 23rd October 2015. On 2 October 2015, we announced the decision to continue to invest in the development of our Italian operations.
Postcon key facts
€494 million turnover, 1 billion letters, 2,700 employees – 2,100 FTE
More than 20 million households, >4,000 clients, 118 locations
We are PostNL. The postal and logistic solutions provider. For our customers, we are the link between the physical and the online world. We facilitate communications between people and companies. We deliver parcels seven days a week and letters five days a week. On an average day, we deliver 575,000 parcels and 9 million letters throughout the Benelux. We offer more and more new services through combinations of smart networks, digital applications and the right communications channels. In doing so, we aim to make the daily lives of our customers easier.
As the first listed postal company, we have the largest and most modern network for letters, parcels and e-commerce in the Benelux countries. In addition, we also operate in Germany, Italy and eight other countries across the world. PostNL employs a total of 46,000 people. With our loyal workforce, extensive networks and innovative drive, our ambition is to be the leading postal and logistics solutions provider in chosen markets. In 2016 our revenues reached €3,4 billion.