By Amsterdam Bureau AMSTERDAM--Dutch mail firm PostNL NV (PNL.AE) Monday raised its outlook for the full year, mainly as a result of the cost savings being realized ahead of schedule, while it returned to profit for the third quarter due to a gain on its stake in TNT Express NV (TNTE.AE). MAIN FACTS: - Revenues for the third quarter dropped 2% to 1.01 billion euro from 1.02 billion euro a year earlier. - Operating income dropped by 12% to 36 million euro, from 41 million euro in the third quarter of 2012. - Net profit for the period was 235 million euro, compared to a net loss of 373 million euro in the third quarter of 2012. - Growth in Parcels and International largely compensated the declining revenue in Mail in the Netherlands. The result included the impact of the revaluation of PostNL's stake in TNT Express NV (TNTE.AE). - Third quarter profit, excluding the impact of the TNT Express stake, dropped to 2 million euro, from 12 million euro. - Underlying cash operating income guidance for 2013 increased to between 130 million euro and 160 million euro (previously 50 million euro - 90 million euro) - Cost savings 2013 guidance increased to between 90 million euro and 110 million euro ( previously 60 million euro - 80 million euro)Subscribe to WSJ: http://online.wsj.com?mod=djnwires www.marketwatch.com/story/postnl-raises-2013-otlook-2013-11-04 + 6%, weiter so
|