Press Release


TPG confirms its outlook for 2001

Publish Date : 25 April 2001 at 08:14 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), confirms TPG's outlook statement for the year 2001. Assuming stable exchange rates, TPG expects to grow net income in 2001 by 20-25% (on a like to like basis after restating for changes in the Dutch accounting rules). The forecast was originally announced at the annual results presentation on 12 March.

In the first quarter of 2001 the Mail operating margin has improved compared to the same period last year, despite some softening in Dutch mail volumes, particularly direct mail.

The yield management program in Express has continued to be successful in the first quarter of 2001 further improving the margins, despite some signs of economic strain in Europe and continuing performance issues in Australia.

Logistics has shown strong improvement of the organic revenue growth in the first quarter of 2001. The economic slowdown in North America has less impact than anticipated. The new contract pipeline remains healthy.

TPG Board of Management therefore reconfirms its outlook statement for the year 2001.

Page publication date: 25 April 2001 at 08:14 CET