Free Trial

CONSUMER STAPLES: BPOST (NR/A*-/NR): Weak Guidance

CONSUMER STAPLES

 

  • While the delivery co only has the short dated BPOST 26s outstanding, the update could be relevant for peers including PostNL.
  • BPOST, having not previously provided FY24 guidance, posted weak forecasts this morning. It sees adj. EBIT between €165-185mn vs consensus €202m (3 estimates).
  • Driven by a combination of factors, the most relevant for broader trends include labour costs and challenging conditions in North America.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.