PostNL NV (LTS:0P47)
€ 1.014 -0.0125 (-1.22%) Market Cap: 499.32 Mil Enterprise Value: 992.32 Mil PE Ratio: 27.05 PB Ratio: 2.74 GF Score: 65/100

Q3 2021 PostNL NV Earnings Call Transcript

Nov 08, 2021 / 10:00AM GMT
Release Date Price: €3.81 (-5.02%)
Operator

Good morning, ladies and gentlemen. Thank you for holding, and welcome to the PostNL Q3 2021 Results Call. (Operator Instructions) I would now like to hand over the conference to Mr. Jochem van de Laarschot. Please go ahead, sir.

Jochem van de Laarschot
PostNL N.V. - Director Communications & IR

Thank you, and good morning. Thank you for joining us in the third quarter results presentation, which will be given by Pim Berendsen, our CFO. And afterwards, we will open Q&A with Herna Verhagen, our CEO, and Pim, as well, of course. Pim, over to you.

Pim Berendsen
PostNL N.V. - CFO & Member of the Management Board

Yes. Thanks, Jochem, and welcome to you all. Thank you for joining us today. Let's start with the key takeaways. First and foremost, the full year 2021 outlook has been confirmed with normalized EBIT at EUR 280 million to EUR 310 million and a free cash flow of EUR 250 million to EUR 280 million. If we then look at the third quarter, normalized EBIT came in at EUR 23 million, and that's driven by a

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