PostNL N.V.
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Publicatie datum
30 okt 2006 - 07:58
Statutaire naam
PostNL N.V.
Titel
Third quarter operating income up 8.9% on last year Decision to divest Freight Management
Bericht
Third quarter operating income up 8.9% on last year
Decision to divest Freight Management
Amsterdam, 30 October 2006,
? Group revenues up 9.0%; mostly organic growth
? Profit from continuing operations up 5.0% to € 169 million
? 31.3% increase in Express operating income
? Double digit revenue growth, with record volumes
? Record third quarter margin of 8.8%
? Mail revenue growth of 2.6% and margin of 14.2% in line with outlook
? EMN revenue growth over 25%, with higher costs due to acceleration in capacity growth
? Dutch addressed mail impacted by fewer bank mailings, ongoing competition and substitution
? Decision to divest Freight Management
? Results included in discontinued operations
? Part of the one-off costs related to sale of Logistics businesses, as earlier anticipated, booked in Q3
CEO Peter Bakker: “TNT’s Board of Management is pleased with the results of the third quarter. Operating income grew by 8.9% fueled by new records in Express both in terms of revenue growth and the Q3 margin level. The Mail operating margin was in line with the outlook but Mail Netherlands saw ‘above trend’ volume decreases in this quarter. We confirm the full-year outlook for TNT.
The completion of the sale of our Logistics division – for which all approvals have now been obtained – is still expected before the year end. Part of the earlier-indicated costs related to the sale of Logistics was booked in the third quarter results. Good strategic progress has been achieved with the acquisition of a road express operator in India and further accelerated growth of EMN. To further focus our business on operating networks, we announce today our intention to exit Freight Management.
All-in-all, we are satisfied with the strategic progress and the structural improvements in our operating performance made so far this year.”
- Ends -
TNT provides businesses and consumers worldwide with an extensive range of services for their mail and express delivery needs. Headquartered
Datum laatste update: 25 december 2025