Press Release


TPG delivers solid first half results

Publish Date : 5 August 2002 at 13:47 CET - TPG has today announced its second quarter 2002 and half year 2002 results. Combined earnings from its three businesses, Mail, Express and Logistics, grew by 8.6% in the half year and by 9.7% in the second quarter on revenue growth of 4.2% and 4.0% respectively.

Operating cash flow for the group increased in the half year by 66% to €591 million with net debt reducing by €209 million from the 2001 year-end, supporting an increase in interim dividend of 7.1% to €0.15 per share.

Net income from continuing operations for the first half of 2002 was €288 million, a growth of 0.7%. Second quarter net income growth from continuing operations was 22.9%.

The full year 2002 outlook has been reconfirmed.

second quarter 2002 and half year 2002 results [355 Kb]
(press release as PDF)

second quarter 2002 and half year 2002 results
(press release as HTML)

2002 First Half Results [435 Kb]
(Press PowerPoint presentation)

2002 First Half Results [1.703 Kb]
(Analysts' PowerPoint presentation)

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Page publication date: 5 August 2002 at 13:47 CET