Bpost plummets after profit warning

amsterdam (dft) - The Bpost share fell by 20% on Tuesday at the Belgian stock exchange after a subsequent profit warning.

The competitor of PostNL, who previously tried to take over the Dutch postal company, fails to keep costs under control. Nabeurs again announced a profit warning to shareholders on Monday for 2019. Cost indexing, a new collective labor agreement and a new distribution system are closing the company. The latter will generate an additional € 10 to € 15 million per year.