The reason for the appeal was a decision of ACM, that obliged PostNL to abandon the ‘Uniform sender address’ condition. According to PostNL, however, this condition is of utmost importance for the quality of postal services in the Netherlands. Without this condition, the costs and time to process mail items would be not be proportionate. Also, parties could be entitled to volumes discounts that are not meant for them.
PostNL has indicated earlier that we expect the financial impact of the regulatory measures to be between €30 million and €50 million annualised, with the full effect expected to be visible over a 3-4 year period. Both the estimated financial impact and our commitment and expectation to resume dividend in 2017 have not changed following this verdict.
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.