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

Alan Vandenberghe ...
  • Alexander Makar
  • Bart Cuypers
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wim Hoste

Morning Note: BALTA BB, ELI BB, GVNV NA, MITRA BB, PNL NA, VGP BB

Balta: Cyrille Ragoucy named permanent CEO Elia Group: Ventilus GrandVision: Appointment of a new CFO, Willem Eelman Mithra: Orphan status for E4 in neonatal encephalopathy PostNL: First phase of merger approval process concluded VGP: Fifth closing brings in € 130m

Alan Vandenberghe ...
  • Cedric Duinslaeger
  • Guy Sips
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wim Hoste

Morning Note: ASIT BB, DIE BB, FUR NA, GLPG NA, NYR BB, PNL NA, REC BB, SOLB BB, WES NA

ASIT biotech: Strategic changes provide an uncertain outlook D'Ieteren: Preview FY18 Fugro: Results slightly below, 14% Q/Q backlog growth Galapagos: Feedback FY18 call – focus on filgo & ISABELA IPF Nyrstar: Resignation of Mr Fernandez as Nyrstar director PostNL: In-line 2019 outlook / Here comes Sandd Recticel: FY REBITDA expected flat, quid Interiors sale ? Solvay: Soda ash productivity enhancement Wessanen: CFO leaves for Centrient Pharmaceuticals Telecom: Dense Air Belgium interested in 5G spectrum Dynamic Top Pick List: We add PostNL to our Dynamic Top Pick List

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

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.: 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 ...
  • Alexander Makar
  • Bart Cuypers
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wim Hoste

Morning Note: BALTA BB, ELI BB, GVNV NA, MITRA BB, PNL NA, VGP BB

Balta: Cyrille Ragoucy named permanent CEO Elia Group: Ventilus GrandVision: Appointment of a new CFO, Willem Eelman Mithra: Orphan status for E4 in neonatal encephalopathy PostNL: First phase of merger approval process concluded VGP: Fifth closing brings in € 130m

Alan Vandenberghe ...
  • Cedric Duinslaeger
  • Guy Sips
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wim Hoste

Morning Note: ASIT BB, DIE BB, FUR NA, GLPG NA, NYR BB, PNL NA, REC BB, SOLB BB, WES NA

ASIT biotech: Strategic changes provide an uncertain outlook D'Ieteren: Preview FY18 Fugro: Results slightly below, 14% Q/Q backlog growth Galapagos: Feedback FY18 call – focus on filgo & ISABELA IPF Nyrstar: Resignation of Mr Fernandez as Nyrstar director PostNL: In-line 2019 outlook / Here comes Sandd Recticel: FY REBITDA expected flat, quid Interiors sale ? Solvay: Soda ash productivity enhancement Wessanen: CFO leaves for Centrient Pharmaceuticals Telecom: Dense Air Belgium interested in 5G spectrum Dynamic Top Pick List: We add PostNL to our Dynamic Top Pick List

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

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