Q4 2019 PostNL NV Earnings Call Transcript
Go ahead.
Good morning, everyone. Thank you for joining the PostNL conference call for the Q4 and full year 2019 results.
With us here today, Herna Verhagen, our CEO; Pim Berendsen, our CFO. We will have an introduction by both, after which there is ample time to ask questions.
Herna, over to you, please.
Thanks, Jochem. And I would like to start on Slide #4, which is a slide with the key takeaways for 2019.
When we think about 2019, we did see very strong business performance in the fourth quarter, which gave a boost to revenue but also to cash for the year. The e-commerce now represents more than 50% of our revenue and is ahead of schedule, which is an important element in our strategy going forward.
The underlying cash operating income came in at EUR 167 million (sic) [EUR 176 million], which is at the high end of our
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