TNT Express N.V.
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- Registration date 16 feb 2016 - 07:00
- Statutory name TNT Express N.V.
- Title TNT reports fourth quarter and full year 2015 results
- Comments 4Q15 highlights •Reported revenues of €1,861 million, up 4.1% yoy; underlying revenue growth of 3.0% •Accelerated revenue growth from SMEs (+8.1%) •Adjusted operating income of €96 million compared to €50 million in the prior year •Capex investments of €73 million in line with Outlook strategy •Net cash position of €231 million Amsterdam, The Netherlands, 16 February 2016 – TNT today reported fourth quarter 2015 revenues of €1,861 million, up 4.1% year-on-year, and an operating income of €57 million, compared to an operating loss of €53 million in the same period of 2014. Revenues benefited from foreign currency effects and from a working day effect, but were negatively affected by lower fuel surcharges. Excluding all three items, underlying revenue growth was 3.0%. The improvement is due to higher revenues and volumes overall, particularly from SMEs. Revenue growth in Europe more than offset the decreases in Brazil and China. Fourth quarter operating income absorbed net one-off charges of €39 million, including restructuring charges of €11 million. Excluding one-off charges, TNT’s adjusted operating income almost doubled from a year earlier to €96 million. Profitability was supported by revenue growth and successful efforts to reduce indirect costs. Outlook-related transition and project costs were €8 million during the period. Capital expenditures amounted to €73 million (3.9% of revenues) compared to €86 million (4.8% of revenues) in the prior year. The company’s net cash position at the end of December was €231 million compared to €449 million one year earlier. The decrease reflects the investments made as part of the Outlook strategy.
Date last update: 13 May 2021