Online shopping surge boosts PostNL, capacity scaled up 40%
Postal delivery company PostNL booked a strong second quarter with sales up over €100m as coronavirus boosted online shopping.
PostNLsaid on Monday second quarter sales reached €789m, taking the first half result to €1.49bn, although traditional mail volume continued to decline.
‘Covid-19 has changed consumer behaviour, leading to an acceleration of online shopping,’ chief executive Herna Verhagen said in a statement.
‘To accommodate the strong volume growth at parcels, we scaled up capacity by 40%… Our capacity will be scaled up further to accommodate higher volumes towards the second half of the year.’
The company expects full year earnings to come in ‘strongly’ above the forecast range of between €110m and €130m.
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