Press Release

Strong operating income growth in first quarter

Publish Date : 3 May 2006 at 08:00 CET - Amsterdam, TNT N.V. announced today the 2006 Q1 results.

Press release 2006 First Quarter Results [288,1kb]

  • 14.2% operating income growth
    • Operating income up 30.5% in Express Business Segment
    • In Mail, over 4% revenue growth with an operating margin of almost 22%
  • Earnings per share on continuing operations up 11.7%
  • Strong net cash from operating activities of € 303 million
  • Reduction in overhead costs of around € 75 million
    • Large part achieved during 2006; fully achieved by end of 2007
  • Logistics divestment in progress
    • Business remains stable, with top line growth
Key numbers
Q1 2006 €mil Q1 2005 €mil % Change
Revenues 2,647 2,430 8.9%
Operating income (EBIT) 329 288 14.2%
Profit from continuing operations
216 202 6.9%
Profit/(loss) from discontinued operations
(11) (8)
Profit/(loss) attributable to the shareholders
205 193 6.2%
Net cash from operating activities
303 65 366.2%
EPS (in € cents)
47.0 42.5 10.6%
EPS from continuing operations (in € cents)
49.5 44.3 11.7%

CEO Peter Bakker:
“We are pleased with the developments in Q1 of 2006. In all key areas of our Focus strategy, good progress has been made. Our businesses performed well, tax issues were further mitigated and the Logistics divestment is in progress. Our performance clearly supports the strategic direction that we started with our Focus strategy.”

TNT N.V. 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 over 128,000 people (over 163,500 people including the division Logistics which is intended to be divested). For 2005 the company reported € 10.1 billion in revenues (€ 13.6 billion including Logistics). TNT N.V. is publicly listed on the stock exchanges of Amsterdam, New York, and Frankfurt. 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: 3 May 2006 at 08:00 CET