Press Release


Robust second quarter performance of TNT

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

  • Press release 2006 Second Quarter Results [246,6kb]

  • 10.7% operating income growth in the second quarter
    • Revenue growth in all business segments
    • All time record high margin in Express of 10.4%
    • Strong 21.2% Mail margin, partially supported by one-off items
  • Earnings per share from continuing operations up 13.4% to 50 cents
  • Full year outlook adjusted upwards
    • Mail operating margin increase from around 18.0% to around 18.5%
    • Express operating margin expected at the high end of 9.0%-9.5% range
  • Signing of the Logistics sale is now expected to take place during the third quarter
Key numbers Q2
Q2 2006 € mil Q2 2005 € mil % Change
Revenues 2,646 2,502 5.8%
Operating income (EBIT) 342 309 10.7%
Profit from continuing operations 210 200 5.0%
Profit/(loss) from discontinued operations (1) 9
Profit/(loss) attributable to the shareholders 209 210 -0.5%
Net cash from operating activities 124 327 -62.1%
EPS (in € cents) 49.7 46.1 7.8%
EPS from continuing operations (in € cents) 50.0 44.1 13.4%
Key numbers HY
HY 2006 € mil HY 2005 € mil % Change
Revenues 5,293 4,932 7.3%
Operating income (EBIT) 671 597 12.4
Profit from continuing operations 426 402 6.0%
Profit/(loss) from discontinued operations (12) 1
Profit/(loss) attributable to the shareholders 414 403 2.7%
Net cash from operating activities 427 392 8.9%
EPS (in € cents) 96.7 88.6 9.1%
EPS from continuing operations (in € cents) 99.5 88.4 12.6%

CEO Peter Bakker:

“I am very satisfied with our strong performance in Q2 and the first half of 2006. Our ‘Focus on Networks' strategy is delivering strong growth and record margins in Express, and robust performance in Mail.

Based on the strong start to the year, I am pleased that we can upgrade our outlook for 2006. Also, the signing of the Logistics divestment should take place before the end of the third quarter. All-in-all, 2006 is expected to be a strong year for TNT.”

Page publication date: 31 July 2006 at 08:00 CET