Press Release


Operational excellence in networks

Publish Date : 27 February 2006 at 08:00 CET - TNT N.V. has published it's 2005Full Year & Fourth Quarter Results.

Fourth Quarter:

  • All-time high margin in Express Segment of 10.3%
    • Double digit underlying revenue growth
  • Mail achieves 18.8% operating margin

Full Year and ‘Focus on Networks':

  • Strong operating results from continuing activities
    • A record 8.9% full year margin in Express Segment
    • Mail achieves 19.5% margin, full year
  • Dividend up 10.5%, from 57 cents to 63 cents
  • Good progress on ‘Focus on Networks' strategy
    • Asian network expansion; Hoau agreement signed today
    • Logistics exit on track; division stable during sale process
    • € 1 billion share repurchase - € 583 million completed by 22 February 2006
Key numbers
Q4 2005
€ mil
Q4 2004
€ mil
% Change FY 2005
€ mil
FY 2004
€ mil
% Change
Revenues 2,775 2,690 3.2% 10,105 9,106 11.0%
Operating incomes (EBIT) 322 320 0.6% 1,159 1,116 3.9%
Profit from continuing operation 205 200 2.5% 772 721 7.1%
Profit/(loss) from dis-
continued operations
(96) 10 (111) 31
Profit/(loss) attributable to the share-
holders
108 209 -48.3% 659 752 -12.4%
Net cash from operating 330 164 101.2% 984 708 39.0%
EPS (in € cents) 23.8 44.1 -46.0% 145.0 158.9 -8.7%
EPS from continuing operations (in € cents) 44.9 42.0 6.9% 169.5 152.3 11.3%
Dividend per share (in € cents) 63 57 10.5%

CEO Peter Bakker:

”TNT ended the year with very satisfying results from its network businesses: a record margin in Express with strong top-line growth and Mail achieving a great margin, thanks to its relentless pursuit of operational efficiency. It was also good to see next day delivery quality push ahead a little, to almost 97%.

In December, we launched the “Focus” strategy aimed at exploiting TNT's operational excellence in network management. The Logistics exit is on track and the business remains stable, testifying to the professionalism of its people.

I am pleased that the tax investigations have reached conclusions, allowing us to remove uncertainty by announcing the estimated financial impact of the investigations. We take no additional accruals and the estimated contingent tax liability is € 150 million to € 550 million.”

Page publication date: 27 February 2006 at 08:00 CET