TNT Express B.V.
Below you will find information from the register publication of inside information. The information has been provided by the organisation.
Registration date
28 oct 2013 - 07:53
Statutory name
TNT Express B.V.
Title
3Q13 results: Better performance Europe Other & Americas and AMEA segments; Europe Main and Pacific lower
Comments
Amsterdam, The Netherlands, 28 October 2013
- Reported revenues €1,621m (-6.6%), reported operating income €9m (3Q12: €62m)
- Adjusted revenues €1,704m (-1.8%), adjusted operating income €54m (3Q12: €64m)
- Europe Other & Americas and AMEA better; Europe Main and Pacific lower results reflect demanding trading conditions
- Significant Deliver! milestones reached, with reorganisations starting in all Business Units and Head Office. Savings of €10m in the quarter; €38m provisions booked
- Adjusted operating expenses -1.3%
- Solid period end net cash €349m (2Q13: €287m)
Segments
- Europe Main: yield pressure continuing but good cost control
- Europe Other & Americas: results continue to improve, positive impact customer mix
- Pacific: negative impact significant weight per consignment decline and higher wages
- AMEA: all units ahead of prior year
- Turnaround Brazil continuing apace
Deliver! update
TNT Express’ Deliver! programme was launched on 25 March 2013 and runs through 2015. The programme is built around four priorities.
- Reshape portfolio
- China Domestic expected to be completed 4Q13
- Sales process Brazil Domestic underway and opportunities for Dutch part of TNT Fashion being explored
- Disposal process of 747s continues, though market remains soft
- Focus on distinctive service proposition
- Global marketing campaign ‘Connect us’ initiated
- Launch of web channel refresh MyTNT
- Expansion intra-Europe service
- Execute better
- Reorganisations starting in all Business Units and Head Office
- Launch new Poland shared service centre
- Savings in PUD, linehaul, real estate and general procurement
- Invest in infrastructure and IT
- RFPs for Data, Networking and Application management service provision
- Start of infrastructure investment programme in UK and AU
Deliver! related savings were around €10m in the quarter and are expected to be around €30m for the full year 2013.
Date last update: 01 May 2025