Press Release


Strong revenue growth of 10.5%

Publish Date : 29 October 2007 at 08:00 CET - Amsterdam, TNT N.V. announced today the 2007 Q3 results.

Express

  • Strong volume and revenue growth versus very strong Q3 2006 comparatives
  • Earnings before depreciation and amortisation (EBITDA) € 190 million, up 11.1%
  • Operating margin excluding recent acquisitions consistently strong

Mail

  • Continued good revenue growth due to EMN expansion
  • First volume success of differentiating product offering in Mail Netherlands visible
  • Operating margin stable

Group

  • Net profit € 167 million
  • Outlook confirmed
Key numbers
Q3 2007
€ mil
Q3 2006
€ mil
% Change
Revenues 2,648 2,397 10.5%
EBITDA 344 334 3.0%
Operating income (EBIT) 258 257 0.4%
Profit from continuing operations 166 169 -1.8%
Profit/(loss) from discontinued operations 0 (102)
Profit/(loss) attributable to the shareholders 167 67 149.3%
Cash generated from operating 273 313 -12.8%
Net cash from operating activities 146 198 -26.3%
Earnings from continuing operations per share (in € cents) 44.1 41.0 7.6%
Earnings per share (in € cents) 44.4 16.9 162.7%
Key numbers
YTD Q3 2007
€ mil
YTD Q3 2006
€ mil
% Change
Revenues 8,013 7,293 9.9%
EBITDA 1,196 1,147 4.3%
Operating income (EBIT) 939 921 2.0%
Profit from continuing operations 633 592 6.9%
Profit/(loss) from discontinued operations 206 (111)
Profit/(loss) attributable to the shareholders 838 481 74.2%
Cash generated from operating 941 913 3.1%
Net cash from operating activities 523 633 -17.4%
Earnings from continuing operations per share (in € cents) 163.9 139.8 17.2%
Earnings per share (in € cents) 217.3 113.6 91.3%

CEO Peter Bakker:
“The development of our results is satisfactory, certainly compared to the very strong Q3 of last year. Both Express and Mail revenues showed good organic growth and we continued to invest in emerging businesses in Express and Mail.

In Express, the operating margin, excluding the planned start-up costs of our recent acquisitions is above last year's. In Mail, EMN revenue continues to develop strongly, particularly in the UK and Germany, whilst in Mail Netherlands we saw the positive impact of our product differentiation strategy on volumes.

In The Netherlands, we are continuing discussions with the trade unions on the new masterplan initiatives. As a first step, the Mobility Agreement, which will be part of the overall collective labour agreement, has now been agreed between the unions and ourselves.

Finally, I am pleased that TNT ranks first in the Dow Jones Sustainability Index 2007 and that we achieved the highest score in the entire index.”

About TNT
TNT provides businesses and consumers worldwide with an extensive range of services for their mail and express delivery needs. Headquartered in the Netherlands, TNT offers efficient network infrastructures in Europe and Asia and is expanding operations worldwide to maximize its network performance. TNT serves more than 200 countries and employs around 159,000 people. Over 2006, TNT reported €10.1 billion in revenues and an operating income of €1,276 million. TNT N.V. is publicly listed on the stock exchange of Amsterdam. TNT recognizes its social responsibility, and has formed partnerships with the United Nations World Food Programme and the United Nations Environmental Programme to fight hunger and pollution in the world.

Page publication date: 29 October 2007 at 08:00 CET