TNT Express N.V.
Below you will find information from the register publication of inside information. The information has been provided by the organisation.
- Registration date 21 feb 2012 - 07:46
- Statutory name TNT Express N.V.
- Title 4Q11 & FY11 Results TNT Express N.V.
- Comments 21 February 2012 New strategy: Building on Strengths - Profitable growth to be achieved by focusing on Europe and connecting the rest of the world - Attractive European growth opportunities based on unrivalled networks and geographic footprint - Optimisation programme in Europe & MEA targeting €150m fixed cost reduction by end of 2013 - Partnerships opportunities for domestic activities in Brazil (TNT Merçurio) and China (Hoau) to be explored FY11 results: 2011 results in line with aims - Reported revenues €7,246m (+2.7%); adjusted revenues (at constant FX) €7,251m (+2.8%) - Reported operating income -€105m; adjusted operating income (at constant FX and excluding one-offs) €228m (-29.4%) - Europe & MEA adjusted operating margin 8.4% on adjusted revenue growth of +2.1% - Reported net profit -€270m (€66m 2010) - Full year dividend €0.044 out of the distributable part of the shareholder's equity to be received in stock or in cash - Strong balance sheet (€7m net debt at year end) 4Q11 results: weaker economic conditions impact results; tight cost and cash control - Reported revenues €1,873m (+2.3%); adjusted revenues (at constant FX) €1,869m (+2.1%) - Reported operating income -€104m; adjusted operating income (at constant FX and excluding one-offs) €57m (-32.9%) - Reported net profit -€173m (€4m 2010) - Net cash from operating activities €133m and net cash used in investing activities -€44m - Brazil: €104m additional impairment based on 4Q11 value assessment - €50m indirect cost savings programme implemented, approximately €30m annualised savings realised in 2011 with associated costs of €9m in 4Q11 (2011: €37m) Commenting on the TNT Express’ new strategy, Marie-Christine Lombard, CEO said: ‘Today we announce our new strategy: ‘Building on Strengths’. Our franchise in Europe is unrivalled, with its unique service portfolio, dense networks and leading presence in all countries. This franchise gives us confidence in the future. We have ample opportunity to grow, not
Date last update: 10 August 2022