Consolidated equity

Total equity attributable to equity holders of the parent company increased to €`198 million at 31 December 2023 (2022: €177 million).

PostNL Consolidated equity development in € million

The increase in 2023 is mainly explained by net profit for the year of €56 million, partly offset by the payments of cash dividends of €29 million and other comprehensive income of €(8) million mainly related to a decrease in value of our investment in Whistl.