August 5, 2019 / 5:41 AM / 4 months ago

Dutch PostNL Q2 operating income tops estimates, confirms outlook

Aug 5 (Reuters) - PostNL, the Netherlands’ largest mail carrier, reiterated its full-year outlook on Monday, after posting a better-than-expected second-quarter underlying cash operating income (UCOI), helped by lower outflows for pensions and provisions.

The mail carrier reported second-quarter UCOI of 41 million euros ($45.6 million) on Monday, above analysts’ expectations in a company-provided poll.

The company made a “good” progress with the divestment process of Nexive and Postcon, agreeing to sell the latter business by the year-end, PostNL added.

1 = 0.8989 euros Reporting by Pawel Goraj, Editing by Sherry Jacob-Phillips ;

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