PostNL: UBS maintains neutral rating

(CercleFinance.com) - UBS confirms its Neutral rating on the PostNL share, along with a target of E1.
9, following its Q3 2023 results, saying that the lack of good Q3 results and comments on more difficult conditions ahead are likely to pressurise the shares.

Note that in Q3, the group's normalised EBIT loss was almost halved (-46%) to E11m, on revenues that rose 2% to E722m.

Last August, the Dutch postal operator said that it is targeting normalised EBIT of E100m to E130m, and FCF of E10m to E40m in 2023.


Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.