Webshopping helps boost PostNL turnover
Dutch postal company PostNL increased both turnover and net profit in 2014, despite the fall-off in letter delivery volumes.
Turnover rose 2 percent to EUR 4.25bn while net profit reached EUR 226m, compared with a 2013 loss.
This was due to a write-off on the investment in TNT Express.
The amount of letters and cards delivered by PostNL fell nearly 11 percent last year but this was largely offset by an increase in stamp prices.
Prices went up again on January 1 this year. However, online shopping boosted PostNL’s package delivery arm, which delivered nearly 9 percent more parcels than in 2013.
The company said it is continuing to expand its services by offering Sunday parcel deliveries, evening delivery and more pick-up points.