Outlook | Investors | PostNL | Welcome to PostNL's corporate website, offering company news and information for investors, press, and other stakeholders.

Page publication date: 25 February 2013 10:00 CET

Outlook 2013

	Revenues		Underlying cash operating income / margin
In € millions, except where noted	Adjusted 2012	Underlying 2013	Adjusted 2012	2013
Mail in NL	2,270¹	-mid single digit	0.9%¹	-2 to 0%²
Parcels	730	+high single digit	13.7%	11 to 13%
International	1,624	+mid single digit	1.7%	1 to 3%
Total	*4,330*	stable	*130*	20 to 60
			*3.0%*	0 to 2%

1 Actuals 2012 adjusted for transfer of customer contact services from Mail in NL to PostNL Other
2 Subject to pension arrangement

Expected volume decline addressed mail of 8% – 10% (2012: 9.0%)
Cost savings of €40 – €60 million (2012: 39)
Implementation costs of €40 – €60 million (2012: 67)
Cash outflow from provisions of around €110 – €130 million, of which €100 – €120 million related to Master plan implementation (2012: 86, of which 72 related to Master plans)
Regular employer pension contributions of around €240 million (2012: 265), excluding top-up payments
Employer pension expenses of around €150 million (2012: 63, adjusted for curtailment gain); around €130 million will be recognised in operating income and around €20 million in financial expenses
Cash capital expenditures of around €150 million (2012: 204)
Net financial expenses of around €125 million, of which around €20 million net interest costs for pensions (2012: 104)
Rebranding costs related to International of around €5 million (2012: 12, related to Mail in the Netherlands and PostNL Other)

T: +31 (0)88 868 8875
E: send email

May 2013