win some... schreef op 21 december 2021 16:03:
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uit de Q3 cc van 8 november:
After we have discussed the growth driver within the Parcels segment, it is good to spend a few words on the margin development. We are looking three periods on this graph. We have talked about the margins pre-Covid of around 7%. From thereon we have launched very many initiatives that are improving the margins in our Parcels business. Think about peak pricing, the pricing metrics on the back of volumes and the size of parcels. At the same time we are creating operational efficiencies by trying to get to a more equal flow within the days of the week. All of those contribute to improving margins. Above and beyond that, the lockdown led to even more equal flow and more efficiency in our network. That brought the margin towards the 11% mark, of which we have said that it is not feasible to assume that those margins will continue. Within 2021, you see a decline in margins, particularly in the third quarter, which is driven by a step-up in costs for the fourth quarter and obviously, the addition of the new facilities that will allow us to accommodate growth of our partners and clients in the important fourth quarter.
Towards the end of the year and also from thereon onwards, we still believe we will end up with a margin roundabout the 9% mark that we discussed before, which is somewhere in between 7% - 11% of pre-Covid and partial lockdown.