Press Release


TPG Annual General meeting of Shareholders 2000

Publish Date : 9 May 2000 at 12:52 CET - Today, at the Annual General Meeting of Shareholders in Amsterdam, Mr. Ad Scheepbouwer, Chairman and CEO of the Board of Management of TNT Post Group N.V. (TPG), will reconfirm TPG's outlook statement for the year 2000. The forecast was originally announced at the annual results presentation on 27 March.

For TPG's Mail division the changeover to automated sorting and new sorting centres is paying off with significant improvements in operational service quality in Mail. Next day delivery of mail now operates at the 1997 level of 95.2%, and the company expects to record its best ever performance by November of this year.

The Express division's much improved performance in the second half of 1999 continued in the first four months of 2000.

During the same period Logistics further strengthened its position in targeted industries, as the Volkswagen UK and Compaq Europe contracts have indicated, and by finalising the integration of acquired companies.

TPG therefore reconfirms its outlook statement for the year 2000. Assuming stable exchange rates, the TPG Board of Management expects to achieve a net income growth in the year 2000 at least in line with the level of growth of 1999 (12.6%).

Page publication date: 9 May 2000 at 12:52 CET