Postnl Nv (TNTFF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the PostNL Trading Update Q1 2026 Results Call. At this moment, all participants are in the listen-only mode, and after the presentation, there'll be an opportunity to ask questions. Now, I would like to hand over the conference call to Ms. Inga Laude, Manager, Investor Relations. Please go ahead, Madam. Thank you, Operator, and welcome to you all. We have published our Q1-26 trading update this morning. It is the first time that we reach out to you in this format, and we will explain the highlights of Q1 in this analyst call. With me in the room is Linda Janssen, our CFO. She will guide you through a short presentation and will then take your questions. Please go ahead, Linda. Thank you, Inge. Well, let's start this first trading update by giving you a short and factual overview on the first quarter. I will then give more color on relevant developments in a minute. Revenue came in at 781 million, which is about flat compared to previous quarter last year. Although we will not quantify normalized EBIT and free cash flows in the quarters that we provide a trading update, I can mention that these metrics developed in line with expectations and followed the usual seasonal pattern. With that, we confirm the outlook for 2026, as we have shared with you on 23rd of February 2026, when presenting our full year 2025 results. I would also like to mention here that for now, as of mid-July, we will shift towards a standard delivery framework within two business days, a major operational shift that requires careful preparations. We are on track to go live on 12th of July. Obviously, there is more to tell on the path to a future-proof postal service, which I will do a bit later. To summarize the first quarter of 2026 for PostNL, I would phrase it as a disciplined execut...