Press Release


Revenues increase 9%. Earnings per share 5% higher

Publish Date : 31 October 2005 at 08:00 CET - TNT N.V. has published it's 2006third quarter results.

  • Press release 2005Third Quarter Results [276,9kb]

  • Operating income up 37% in Express, due to revenue growth and efficiency
  • Growth in Mail revenues driven by 34% increase in European Mail Networks
  • Mail margin remains high, despite higher pension costs
  • Margins under pressure in Logistics
  • Strategic partnership with Japan Post announced
  • China development gains momentum
Key numbers
Q3 2005 €mil Q3 2004 €mil % Change YTD
Q3
2005 €mil
YTD
Q3
2004
€mil
% Change
Revenues 3,230 2,975 8.6% 9,891 9,012 9.8%
Operating income (EBIT) 246 241 2.1% 892 889 0.3%
Profit / (Loss) attributable to the shareholders 148 147 0.7% 551 543 1.5%
Net cash from operating activities 323 318 1.6% 782 724 8.0%
Earnings per share (€ cents) 32.5 30.9 5.2% 121.2 114.3 6.0%
Operating margins
Q3 2005 Q3 2004 YTD
Q3
2005
YTD
Q3
2004
Mail 16.2% 16.4% 19.8% 21.1%
Express 7.8% 6.2% 8.6% 7.0%
Logistics 1.2% 4.0% 2.0% 3.5%
Contract logistics 1.0% 4.1% 2.1% 3.5%
Freight Management 2.0% 1.7% 1.6% 1.7%

CEO Peter Bakker:
“I continue to be pleased with the good progress of Express, which hit another record third quarter margin. Mail delivered as expected with solid execution of the masterplans, which have now brought us almost € 200 million of cumulative savings, and European Mail Networks achieved a revenue growth of 34% this quarter. In Logistics, we moved ahead with the refocusing of our French operations, and have received offers for large parts of this business. In the rest of Logistics, partly resulting from an unexpected law change in Italy, margin pressure remained, although we did see some positive signs in business development. Looking to the future, I am delighted that we have started to work with Japan Post on a joint strategic vision. Our next step will be to launch a new international premium express product. We gained more traction with our China strategy, with the launch of new domestic express operations and the announcement of two 747 air freighters to the fleet, to fly between Shanghai and Europe.”

With its two brands TNT and Royal TPG Post, TNT N.V. is a global provider of mail, express and logistics services. The group employs over 161,000 people in 63 countries and serves over 200 countries. For 2004 the company reported sales of € 12.6 billion. TNT N.V. is publicly listed on the stock exchanges of Amsterdam, New York, London and Frankfurt.

Page publication date: 31 October 2005 at 08:00 CET