PostNL is more affected by high inflation than the company previously thought. The consumer orders fewer packages, while the costs increase. The postal company reported on Friday morning that its third quarter result is likely to be lower than previously expected.
Things like energy and groceries have gotten a lot more expensive lately. As a result, the Dutch order less online. This means that PostNL has to deliver fewer packages, resulting in disappointing revenue. At the same time, fuel costs and wages, among other things, are rising.
This puts pressure on the company’s profitability. That’s why PostNL wants to hire fewer new employees in the near future. The company also wants to cut other costs and raise prices for online stores. There is no further price increase for consumers, except for the recently announced one increase to take effect next year.
The company expects to realize a loss of approximately € 1 million in parcel delivery in the third quarter. The number of packages delivered is probably 1.1% lower than a year earlier. PostNL will publish final data for the third quarter on November 7th.
/data/photo/2022/10/21/6352101655ba2.jpg?resize=150%2C150&ssl=1)