TNT Express B.V.
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Publicatie datum
28 apr 2014 - 07:45
Statutaire naam
TNT Express B.V.
Titel
1Q14 results: Improved performance supported by restructuring initiatives
Bericht
Reported operating income €17m (1Q13: €219m, including €200m UPS termination fee), reported
revenues €1,608m (-6.6%)
Higher adjusted operating income €51m (1Q13: €21m), adjusted revenues €1,673m (-2.8%)
Revenues lower because of negative foreign exchange movements, disposal China Domestic and
contract pruning
Substantially better results in combined Europe Main and Europe Other & Americas, AMEA and Brazil;
Pacific under pressure
Outlook on track: savings €30m achieved in the quarter
Sale Dutch operations of TNT Fashion announced – closing expected in 2Q14
Period end net cash €402m (4Q13: €469m)
Segments
Europe Main: Overall better performance, with support from savings initiatives
Europe Other & Americas: Strong adjusted operating profit growth
Pacific: Persisting challenges, recovery plans in place
AMEA: Higher operating profit in all units
Brazil Domestic: Recovery continues with break-even quarter (1Q13: €(10)m)
Other
1Q13 figures include China Domestic (€54m revenues and €(3)m operating income); sale completed
4Q13
Application of IFRS 11 ‘Joint Arrangement’: 1Q14 adjusted operating income impact €(2)m (adjustment
1Q13: €(2)m)
More detailed quarterly financial and operational information: www.tnt.com/corporate/1Q14datasheets
Outlook
1Q14 savings €30m
1Q14 restructuring-related charges €14m; implementation costs €5m
Investments in Liège Eurohub and road infrastructure
Further details about Outlook will be provided in 2H14
Datum laatste update: 21 december 2025