Postnl Nv (TNTFF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning ladies and gentlemen. Welcome to the PostNL Q3 2025 results. At now Q3 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. And good morning and welcome to you all. We have published our Q3 25 results earlier this morning. Unfortunately, CEO Pim Berenze cannot join in this meeting due to personal circumstances today. So Linda will do the presentation and after that we will open up for Q&A. With that, Linda, I hand over to you. Thank you Inge and welcome to you all. Let me start with what highlights for this quarter. Let me start with our Capital Markets Day which we held on 17th of September. There we presented our new strategy and transition program Breakthrough 2028 with the related ambitions. We launched our new purpose, connected to deliver what drives us all forward. And we launched our new strategic intent, being to grow our business, create sustainable value, lead through innovation and make impact that matters. This is based on four pillars, growth, value, innovation and impact. I will repeat our 2020 ambitions on the next slide, but let me first share the key takeaways for this quarter. The Q3 results came in as anticipated and landed below last year's results. At parcels, volumes were up 1% and this quarter again, volume growth from international customers outpaced domestic growth. The mail volumes declined by almost 5%, mainly due to ongoing regular substitution, but this quarter was supported by the first batch of the election mail and some other one-off mailings. The decline in normalized EBIT at mail led to a year-to-date normalized EBIT of minus 43 million, and this reinforces the urgent need for adjustments in the postal regulation. Good to mentio...