Accelerating parcels volume growth, driven by expansion in the Netherlands and Belgium, helped PostNL offset revenue declines for its Mail in the Netherlands division and Spring international subsidiary in 2017. Total revenue growth of 3% was also supported by €90m in additional revenue from new German subsidiaries acquired in late 2016. PostNL maintained its high EBIT margin in 2017, although cost savings achieved during the year were lower than expected as a result of a tightening labour market and delays in implementing new automated sorting operations. For more details, download the IPC Carrier Intelligence Report for PostNL.
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