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

Cedric Duinslaeger ...
  • Joachim Vansanten
  • Lenny Van Steenhuyse
  • Marcel Achterberg
  • Ruben Devos
  • Sandra Cauwenberghs

Morning Note: FAGR BB, GBLB BB, IBAB BB, MELE BB, PNL NA, XFAB FP

Fagron: A string of acquisitions in 2Q19 GBL: Signing the Webhelp deal IBA: New Cyclone 70 contract Melexis: Lower estimates and TP, BUY maintained PostNL: Solid Q2 results, well on track to achieve FY outlook X-FAB: Destocking continues

Bart Cuypers ...
  • Cedric Duinslaeger
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wim Hoste

Morning Note: ABI BB, CYAD BB, EURN BB, FLUX BB, GLPG NA, PNL NA

AB InBev: APAC IPO details Celyad: Update on r/rAML and MDS CYAD-01/02 timelines Euronav: Another round of share buybacks Fluxys Belgium: Locking in LNG unloading contracts until 2044 Galapagos: Gilead to file Filgotinib NDA this year PostNL: De Telegraaf: “ACM rejects PostNL–Sandd merger”

Alan Vandenberghe ...
  • Alexander Makar
  • Cedric Duinslaeger
  • Jason Kalamboussis
  • Ruben Devos
  • Sandra Cauwenberghs
  • Thomas Couvreur

Morning Note: ABN NA, ADYEN NA, AGS BB, ATEB BB, FUR NA, MITRA BB, ONTEX BB, PNL NA, SEQUA:BB

ABN Amro: A lower quarter, pressure on top line Adyen: Uber chooses Adyen for 3D Secure implementation Ageas: A good start, Asia ex RG delivers solid results Atenor: 1Q19 and a sizeable move in Warsaw, Poland Fugro: Multi-client OBN survey contact with CGG Mithra: Tibelia approved in Canada Ontex: No real transformation PostNL: No near-term dividend but risk-return inviting Sequana Medical: Alfapump included into German DGVS guidelines

Alan Vandenberghe ...
  • Joachim Vansanten
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wim Hoste

Morning Note: ABI BB, BOTHE BB, DSM NA, PNL NA, SLIGR NA, SOLV BB, SOLB BB

AB InBev: 1Q volumes +1.3%, REBITDA +8.2% Bone Therapeutics: 1Q19 – cash at € 7.1m, phIIa ALLOB mid-June DSM: 1Q REBITDA +10% underlying, FY guidance upped PostNL: In line Q1 results / update of parcel business Sligro: Acquired parent company of De Kweker Solvac: TP to € 133 following Solvay’s 1Q19 update Solvay: 1Q REBITDA +2%, FY guidance lowered

POSTNL NV sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of POSTNL NV (NL), active in the Delivery Services industry. As regards its fundamental valuation, the title now shows 2 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date April 26, 2019, the closing price was EUR 2.30 and its target price was estimated at EUR 1.91.

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

Cedric Duinslaeger ...
  • Joachim Vansanten
  • Lenny Van Steenhuyse
  • Marcel Achterberg
  • Ruben Devos
  • Sandra Cauwenberghs

Morning Note: FAGR BB, GBLB BB, IBAB BB, MELE BB, PNL NA, XFAB FP

Fagron: A string of acquisitions in 2Q19 GBL: Signing the Webhelp deal IBA: New Cyclone 70 contract Melexis: Lower estimates and TP, BUY maintained PostNL: Solid Q2 results, well on track to achieve FY outlook X-FAB: Destocking continues

Bart Cuypers ...
  • Cedric Duinslaeger
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wim Hoste

Morning Note: ABI BB, CYAD BB, EURN BB, FLUX BB, GLPG NA, PNL NA

AB InBev: APAC IPO details Celyad: Update on r/rAML and MDS CYAD-01/02 timelines Euronav: Another round of share buybacks Fluxys Belgium: Locking in LNG unloading contracts until 2044 Galapagos: Gilead to file Filgotinib NDA this year PostNL: De Telegraaf: “ACM rejects PostNL–Sandd merger”

Alan Vandenberghe ...
  • Alexander Makar
  • Cedric Duinslaeger
  • Jason Kalamboussis
  • Ruben Devos
  • Sandra Cauwenberghs
  • Thomas Couvreur

Morning Note: ABN NA, ADYEN NA, AGS BB, ATEB BB, FUR NA, MITRA BB, ONTEX BB, PNL NA, SEQUA:BB

ABN Amro: A lower quarter, pressure on top line Adyen: Uber chooses Adyen for 3D Secure implementation Ageas: A good start, Asia ex RG delivers solid results Atenor: 1Q19 and a sizeable move in Warsaw, Poland Fugro: Multi-client OBN survey contact with CGG Mithra: Tibelia approved in Canada Ontex: No real transformation PostNL: No near-term dividend but risk-return inviting Sequana Medical: Alfapump included into German DGVS guidelines

Alan Vandenberghe ...
  • Joachim Vansanten
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wim Hoste

Morning Note: ABI BB, BOTHE BB, DSM NA, PNL NA, SLIGR NA, SOLV BB, SOLB BB

AB InBev: 1Q volumes +1.3%, REBITDA +8.2% Bone Therapeutics: 1Q19 – cash at € 7.1m, phIIa ALLOB mid-June DSM: 1Q REBITDA +10% underlying, FY guidance upped PostNL: In line Q1 results / update of parcel business Sligro: Acquired parent company of De Kweker Solvac: TP to € 133 following Solvay’s 1Q19 update Solvay: 1Q REBITDA +2%, FY guidance lowered

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

1 director sold

A director at Postnl N.V. sold 45,281 shares at 2.365EUR and the significance rating of the trade was 58/100. 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 board mem...

POSTNL NV sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of POSTNL NV (NL), active in the Delivery Services industry. As regards its fundamental valuation, the title now shows 2 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date April 26, 2019, the closing price was EUR 2.30 and its target price was estimated at EUR 1.91.

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.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch