PostNL cuts forecast as inflation, supply chain and war in Ukraine weigh


May 9 (Reuters)Dutch postal company PostNL PTNL.AS Monday cut its key earnings forecast as the war in Ukraine brings additional uncertainties amid inflationary pressures on fuel and labor costs, further lockdowns in China and continued supply chain constraints world.

The company, which delivers parcels and letters throughout Belgium, the Netherlands and Luxembourg, expects a normalized profit before interest and tax (EBIT) of 170 million to 210 million euros ($178.65m – $220.69m) in 2022.

PostNL had forecast normalized EBIT for the full year of between €210m and €240m, in line with 2021 levels after adjusting for the assumed non-recurring COVID-19 impact of €82m. euros.

($1 = 0.9516 euros)

(Reporting by Olivier Cherfan, Dagmarah Mackos; Editing by Christian Schmollinger)

((olivier.cherfan@thomsonreuters.com; dagmarah.mackos@thomsonreuters.com))

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