PostNL is a mail, parcel and e-commerce corporation with operations in the Netherlands, Germany, Italy, Belgium, and the United Kingdom. Co. has been assigned by the Dutch government to carry out the UPD (Universele Postdienst, Dutch for Universal Postal Service). Carrying out the UPD requires, amongst other things, Co. to deliver mail throughout the Netherlands five days a week (Tuesday through Saturday) and to maintain enough mailboxes in the country. ACM is charged with monitoring and enforcing the execution by Co. Co.'s operations are organized along three business segments: Mail in the Netherlands; Parcels; and International. Co. maintains over ten networks across thirteen countries.
  • TickerPNL
  • ISINNL0009739416
  • ExchangeEuronext Amsterdam
  • SectorIndustrial Transportation
  • CountryNetherlands

Analysts

POSTNL NV sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of POSTNL NV (NL), a company active in the Delivery Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 18, 2019, the closing price was EUR 2.25 and its potential was estimated at EUR 2.59.

Alan Vandenberghe ...
  • Ruben Devos
  • Wim Hoste

KBC Securities Morning Note 18-1-2019 BBED NA, PNL NA

Beter Bed Holding: First hurdle successfully taken PostNL: Agreement in principle with the unions, excl. FNV

Alexander Makar ...
  • Cedric Duinslaeger
  • Guy Sips
  • Jan Opdecam
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Sandra Cauwenberghs
  • Thomas Couvreur
  • Wim Hoste

KBC Securities Morning Note 19-12-2018 AED BB, ASIT BB, BINCK NA, GREEN BB, HAL NA, KIN BB, PNL NA, REC BB, SBMO NA, SOF BB, SOLB BB, WDP BB

Aedifica: € 5.5m investment in Zwolle ASIT biotech: Board/management changes could delay pipeline BinckBank: SAXO offer: refining numbers but no better outcome Greenyard: Closing Horticulture disposal Hal Trust: Broadview sells IEV Group, € 0.49 p.s. capital gain Kinepolis: Acquires 2 new complexes in Spain PostNL: Intention to reappoint CEO / consolidation “soon” Recticel: Agreement to divest Proseat in a two-step approach SBM Offshore: Fifth Chamber approval on MPF settlement Sofina: Co-leads $ 200m Series D in AI startup Graphcore Solvay: Composites to lead the way forward WDP: € 150m finan...

Alexander Makar ...
  • Bart Cuypers
  • Cedric Duinslaeger
  • Jan Opdecam
  • Ruben Devos

KBC Securities Morning Note 7-12-2018 BAMNB NA, BEFB BB, BREB BB, PNL NA

BAM Group: Lock, Stock & two smoking barrels less Befimmo: Taking control over Silversquare Brederode: Strong November interim results PostNL: View on threat union actions FNV

Alexander Makar ...
  • Cedric Duinslaeger
  • Jan Opdecam
  • Jason Kalamboussis
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wim Hoste

KBC Securities Morning Note 5-11-2018 ASIT BB, BALTA BB, BPOST BB, INGA NA, MONT BB, PNL NA, VPK NA

ASIT biotech: In search for a commercial partner for gp-ASIT+ Balta: No profit growth yet but comps gradually easing ? bpost: 3Q18E – Demanding expectations ING: Upgrading. Focus on NLs and Belgium. Montea: 41k sqm of new developments in the Netherlands PostNL: Lower revenue, higher UCOI, guidance unchanged Vopak: 3Q18 results in line

Moody's withdraws PostNL's Baa2 rating following the repayment of the GBP Eurobonds

Moody's Investors Service has today withdrawn the Dutch postal operator PostNL N.V.'s ("PostNL") Baa2 long term issuer rating. At the time of withdrawal the outlook on the rating was stable. RATINGS RATIONALE Following the repayment at maturity on August 14, 2018 of its ...

PostNL N.V.: Update to credit analysis

Our credit view of PostNL, reflecting its sound liquidity, the current challenges in the mail business and our expectation of a gradual recovery in its operating performance from 2019.

PostNL N.V. - September 2017 (LTM): Peer Snapshot

Peer Snapshot:  PostNL N.V. - September 2017 (LTM) 11 December 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Sep-17 FYE Dec-15 FYE Dec-16 LTM Sep-17 FYE Dec-15 FYE Dec-16 LTM

PostNL N.V.: Annual Update

CORPORATES CREDIT OPINION 12 May 2017 Update RATINGS PostNL N.V. Domicile Amsterdam, Netherlands Long Term Rating Baa2 Type LT Issuer Rating Outlook Stable Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Lorenzo Re 39-02-9148-1123 VP-Senior Analyst [email protected] Giuliana Ci

PostNL N.V.: Revised dividend policy is moderately credit negative but has no impact on rating

CORPORATES ISSUER COMMENT 1 March 2017 Contacts Lorenzo Re 39-02-9148-1123 VP-Senior Analyst [email protected] PostNL N.V. Revised dividend policy is moderately credit negative but has no impact on rating PostNL N.V. (Baa2 stable, “PostNL”) dividend payment reinstatement and revised dividend policy are moderately credit negative, but have no impact on the rating, owing to the company solid fin

Alan Vandenberghe ...
  • Ruben Devos
  • Wim Hoste

KBC Securities Morning Note 18-1-2019 BBED NA, PNL NA

Beter Bed Holding: First hurdle successfully taken PostNL: Agreement in principle with the unions, excl. FNV

Alexander Makar ...
  • Cedric Duinslaeger
  • Guy Sips
  • Jan Opdecam
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Sandra Cauwenberghs
  • Thomas Couvreur
  • Wim Hoste

KBC Securities Morning Note 19-12-2018 AED BB, ASIT BB, BINCK NA, GREEN BB, HAL NA, KIN BB, PNL NA, REC BB, SBMO NA, SOF BB, SOLB BB, WDP BB

Aedifica: € 5.5m investment in Zwolle ASIT biotech: Board/management changes could delay pipeline BinckBank: SAXO offer: refining numbers but no better outcome Greenyard: Closing Horticulture disposal Hal Trust: Broadview sells IEV Group, € 0.49 p.s. capital gain Kinepolis: Acquires 2 new complexes in Spain PostNL: Intention to reappoint CEO / consolidation “soon” Recticel: Agreement to divest Proseat in a two-step approach SBM Offshore: Fifth Chamber approval on MPF settlement Sofina: Co-leads $ 200m Series D in AI startup Graphcore Solvay: Composites to lead the way forward WDP: € 150m finan...

Alexander Makar ...
  • Bart Cuypers
  • Cedric Duinslaeger
  • Jan Opdecam
  • Ruben Devos

KBC Securities Morning Note 7-12-2018 BAMNB NA, BEFB BB, BREB BB, PNL NA

BAM Group: Lock, Stock & two smoking barrels less Befimmo: Taking control over Silversquare Brederode: Strong November interim results PostNL: View on threat union actions FNV

Alexander Makar ...
  • Cedric Duinslaeger
  • Jan Opdecam
  • Jason Kalamboussis
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wim Hoste

KBC Securities Morning Note 5-11-2018 ASIT BB, BALTA BB, BPOST BB, INGA NA, MONT BB, PNL NA, VPK NA

ASIT biotech: In search for a commercial partner for gp-ASIT+ Balta: No profit growth yet but comps gradually easing ? bpost: 3Q18E – Demanding expectations ING: Upgrading. Focus on NLs and Belgium. Montea: 41k sqm of new developments in the Netherlands PostNL: Lower revenue, higher UCOI, guidance unchanged Vopak: 3Q18 results in line

ING
Research Department

Benelux Morning Notes

Aalberts Industries: After US now EU follows. Fugro: Seeping seeps into earnings. Immobel: Increased resi sales drive higher net income . PostNL: Dutch Parliament broadly supports Dutch Postal market consolidation

A director sold 114,007 shares at 4.350EUR and

A director at Postnl N.V. sold 114,007 shares at 4.350EUR and the significance rating of the trade was 87/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of bo...

POSTNL NV sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of POSTNL NV (NL), a company active in the Delivery Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 18, 2019, the closing price was EUR 2.25 and its potential was estimated at EUR 2.59.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 18/04/2017

Under agenda item 16, authorisation is requested to restrict or exclude the pre-emptive rights allowed to shareholders when issuing new shares. The requested authorisation is 10% of the share capital, plus 10% in case of mergers and acquisitions and this amount exceeds our guidelines, which stipulate a maximum of 10% of the share capital.Therefore we recommend to OPPOSE.

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