Press Release

Good start to the year with 9.1% increase in revenues and higher operating income

Publish Date : 3 May 2007 at 08:00 CET - Amsterdam, TNT N.V. announced today the 2007 Q1 results.

Press release 2007 First Quarter Results [230,6kb]

  • Double-digit revenue growth and an 8.3% operating income increase in Express
  • Revenue growth in Mail driven by European Mail Networks
  • Strong increase in earnings per share from continuing operations due to profit increase and share buy-backs
  • Profit on successful sale of Freight Management of € 195 million, leading to profit attributable to the shareholders of € 427 million
Key numbers
Q1 2007 €mil Q1 2006 €mil % Change
Revenues 2,676 2,452 9.1%
Operating income (EBIT) 351 327 7.3%
Profit from continuing operations
234 215 8.8%
Profit/(loss) from discontinued operations
195 (10)
Profit attributable to the shareholders
427 205 108.3%
Cash generated from operating
354 364 -2.7%
EPS (in € cents)
109.8 47.0 133.6%
EPS from continuing operations (in € cents)
59.6 49.3 20.9%

CEO Peter Bakker:

“In the first quarter of 2007, TNT continued on its path of revenue and operating income growth.

In Mail, volumes continued their decline in the Netherlands as a result of growing competition and substitution, but further cost control and a one-off gain from the sale of a building kept the overall Mail margin close to last year's level. European Mail Networks realised 25% organic growth in revenues, furthered by some acquisition impact. The discussions on the postal law in the Dutch Parliament have not yet been finalised. The final proposals are still being reviewed and voting is postponed until later in the second quarter. TNT considers it important that the postal law content and the related liberalisation process remain consistent with the original proposals that were submitted to Parliament last year.

The Express margins continued to improve, after correcting for the previously announced effect of the recent acquisitions. Express margins in Europe increased in an environment with somewhat more pressure in domestic markets and strong growth in international flows. Significant strategic progress was made with our acquisitions in India, China and Brazil now all being reported for the first time in our quarter one results.

All in all, we look forward with confidence to the rest of 2007 for TNT and we maintain our outlook as given in February this year.”

Page publication date: 3 May 2007 at 08:00 CET