Dividend proposal 2023
In 2023, PostNL's normalised comprehensive income amounted to €52 million (2022: €90 million).
PostNL Normalised comprehensive income in € million
2022, 2023
| Year ended at 31 December | 2022 | 2023 |
|---|---|---|
| Profit for the year1 | 14 | 56 |
| Other comprehensive income1 | 52 | (8) |
| Comprehensive income | 66 | 47 |
| Normalisations on EBIT (less statutory tax)1 | 13 | 6 |
| Normalise result from discontinued operations | 11 | (1) |
| Normalised comprehensive income | 90 | 52 |
- 2022 excluding change in pension accounting classification
Our dividend policy states that dividend distribution is conditional on being properly financed in accordance with our financial framework. PostNL is steering for a solid balance sheet with a positive consolidated equity, aiming at a leverage ratio not exceeding 2.0 and applying strict cash flow management. This condition was met at the end of 2023. As a result, PostNL will recommend to the AnnualGeneral Meeting of Shareholders a pay-out of 80% of normalised comprehensive income for 2023, being a dividend of €0.09 per ordinary share (2022: €0.16). €0.06 was paid as an interim dividend, so the final dividend to be paid in May 2024 will be €0.03 per share. This will be proposed to the Annual General Meeting of Shareholders.