Press Release

TNT profits increase 3.8% in first quarter

Publish Date : 4 May 2005 at 08:00 CET - Amsterdam, TNT N.V. announced today the 2005 Q1 results.

  • Earnings from operations up by 5.5%
    • Mail strong margins and lower declines in direct mail volumes
    • EMN growing in line with expectations
    • Express continued margin improvements
    • Logistics faces difficult environment in France
  • Earnings per share up by 8.7%
    • Profit attributable to the shareholders up by 3.8%
    • Cancellation of 20.7 million outstanding shares

CEO Peter Bakker:

“In Mail and Express, we made a good start to the year. Mail division recorded a strong operating margin, with the Cost Flexibility program continuing to drive efficiency. For the first time, we gained more addressed volume abroad than we lost in the Netherlands. Express revenues grew double digit and operating income was up almost 50%, reaching another quarterly margin record. The division is firmly on track to reach its ambitious target. In Logistics, Freight Management is fully meeting expectations. However, we continue to face a difficult environment in Contract Logistics, particularly in our French business. We are preparing a turnaround plan for France, which we are planning to show to you at Q2.”

Page publication date: 4 May 2005 at 08:00 CET