PostNL cuts 2022 profit target as inflation bites

– Dutch postal agency PostNL on Monday lower its 2022 revenue steering for the second time this yr, as hovering inflation and strain on shopper spending impacted prices and e-commerce volumes.

The corporate, which delivers parcels and letters throughout Belgium, the Netherlands and Luxembourg, now sees full-year normalised earnings earlier than curiosity and taxes (EBIT) in a spread of 145 million to 175 million euros ($148-178 million).

In Might, PostNl had lowered its earnings steering to 170 million to 210 million euros.

($1 = 0.9821 euros)

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