PostNL N.V.
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Publicatie datum
02 feb 2011 - 07:46
Statutaire naam
PostNL N.V.
Titel
Format of results presentation to change and Q4 2010 business update
Bericht
Amsterdam, 2 February 2011
Format and scope of results presentation to change
On 2 December, TNT announced its separation proposal. The internal legal and organisational separation is on track with completion of the announced restructurings on 1 January 2011.
As a result of the announced separation and the new legal scope of the TNT NV-Mail and Express entities, the way in which TNT NV will present its full year 2010 results (publication date 21 February 2011) and subsequent reports will change significantly.
On its corporate website (group.tnt.com), TNT has published a reconciliation of year-to-date Q3 2010 results from the ‘old’ to the ‘new’ format, both reported and underlying, to clarify the accounting-related changes. The most important changes are:
• Express reported under discontinued operations
• Difference in scope of Express and Mail
• Temporary adjustment due to the unwinding of certain profit pooling arrangements
• Temporary differences to Defined Benefit pension expense and actual payable pension contributions
The analysis of the year-to-date Q3 2010 underlying results, which corrects for various non-recurring items as assessed by management, shows that the allocation of Other networks and certain Non-allocated costs to Express leads to a limited change in the underlying Express results shown. Changes for Mail’s underlying operating income as a result of an equivalent analysis are also limited.
To explain the reporting changes, on 21 February 2011 TNT will publish a reconciliation from the ‘new’ Express and Mail group to previous, ‘old’ divisional Express and Mail results format.
Q4 2010 business update
TNT’s Express operations in Europe were negatively impacted by exceptionally adverse weather conditions in December. Notably, TNT’s Liege hub was shut for two days, with disruptions to service lasting longer. The estimated negative impact on Express divisional EBIT is €15 million. In Brazil, additional integration-related costs due to claims and
Datum laatste update: 20 maart 2026