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PostNL reports Q1 earnings loss, misses estimates on labour costs
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PostNL reports Q1 earnings loss, misses estimates on labour costs
May 5, 2024 10:30 PM

May 6 (Reuters) - Dutch postal firm PostNL

reported a loss for its first-quarter normalised earnings before

interest and taxes that was below market expectations on Monday,

citing a mainly labour-related challenging environment.

The company, which delivers parcels and letters across

Belgium, the Netherlands and Luxembourg, reported a loss for its

normalised operating earnings of 9 million euros ($9.68

million), down from a profit of 7 million euros a year earlier.

Seven analysts polled by the company had forecast a loss for

quarterly normalised operating earnings of 2 million euros on

average.

($1 = 0.9293 euros)

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