Postnl Nv (TNTFF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Welcome to the PostNL Q1 2025 results. At this moment, all participants are in a listen-only mode. And after the presentation, there will be an opportunity to ask questions. Now, I would like to hand over the conference call to Miss Inga Laude, Manager, Investor Relations. Please go ahead, madam. Thank you, operator, and a warm welcome to all of you in the call and here with us in The Hague. We have published our Q125 results earlier this morning and will explain the set of results to you in this analyst call. With me in the room are Pim Berendsen, our CEO, and Linde Jansen, our CFO. Linde will present the results to you. Afterwards, Tim and Linda will answer all your questions. Linda, over to you. Go ahead. Thank you, Inge, and good morning and welcome to you all. Nice to be here for the first time and happy to talk you through the first quarter results. Let's start with the key takeaways of our Q1 results. Our Q1 results developed as anticipated and landed below last year results. Our outlook for 2025 is unchanged. On the recent developments of the global trade and tariffs, it is too early to have a clear view on potential consequences. But I will come back to that later in the presentation. The main drivers for the Q1 performance were as follows. Revenue at parcels were up by 3.5%, with a volume growth of 2%. international customers. On the middle side, volumes declined by almost 7%, mainly due to ongoing substitution. Also in 2025, we expect to see a significant organic cost increase, 31 million in quarter one, which was mainly labor related in which on a positive note, which on a positive note has been fully offset by price increases. If we look on the right side at the segments from a more strategic point of view, then for pa...