Press Release


First half results prove resilience of TPG business model

Publish Date : 4 August 2003 at 09:07 CET -

Steady progress in the second quarter has enabled TPG to deliver a resilient overall performance in the first half of 2003.

Strong performances in Mail and Express; continued weakness in Logistics

Financial highlights

  • Good operational revenue growth
  • Strong performances in Mail and Express offset by continued weakness in Logistics
  • Logistics transformation plan fully launched:
  • David Kulik to lead division and join Board of Management
  • Around €55 million annualised savings targetted
  • Associated one-off costs of around €65 million
  • Preliminary estimate of up to €195 million for goodwill impairment and asset write-downs
  • Interim dividend significantly increased

You need Adobe® Reader® 6.0 to read pdf files.

Press webcast

To see and listen to these webcast the Windows Mediaplayer plug-in is required.If you do not have this installed on your computer (or you need to upgrade from an earlier version of Windows Mediaplayer) you can download it here . Click on the link to download and install the free software.

Page publication date: 4 August 2003 at 09:07 CET