PostNL N.V.
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Publicatie datum
08 apr 2009 - 13:55
Statutaire naam
PostNL N.V.
Titel
Business update for first quarter 2009 presented at TNT AGM
Bericht
Amsterdam, 8 April 2009, 14:00 CET – Amongst the items on the agenda of the Annual General Meeting of Shareholders today are the retirements of three members of the Supervisory Board, the reappointment of one member of the Supervisory Board, the appointment of a new member to the Supervisory Board, the reappointment of a member of the Board of Management and the dividend proposal (the full agenda is available on http://group.tnt.com). During his presentation on the developments in 2008, TNT CEO Peter Bakker will discuss the 2008 results and provide an update on the pensions situation in the Netherlands. He will also speak about the agenda for 2009 as outlined at the full year results presentation on 16 February 2009:
Express
Implement structural cost savings (network)
Manage country incurred costs down in line with volumes
Continue growth Emerging Platforms
Mail
Master plan initiatives in the Netherlands
CLA negotiations to more market conform levels
Continue growth Emerging Mail & Parcels
Group
Focus on cash
Potential Royal Mail strategic partnership
Delivery solutions
As regards the first quarter of 2009, TNT will also give an update on developments in the company’s business.
Express international volume development in Q1 2009 overall was in line with indications given on 16 February. The first two weeks of January were severely impacted by factory closures. Weeks 3 to 11 saw volume declines worse than in December 2008, however, the development has stabilised during the quarter, with Air volumes 23% and Road volumes 15% below Q1 2008. Domestic volumes were 8% below Q1 2008; the development during the quarter was stable in line with the international development. The last two weeks of March improved, mainly because of the timing of Easter, this year in Q2 and last year in Q1. The yield, as a measure of the price development, was lower than in Q1 2008 mainly because of reduced fuel surcharges in line with lower fuel prices. Good progress was made in th
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