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TNT Express B.V.

TNT Express B.V.

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Publicatie datum 27 okt 2014 - 06:44
Statutaire naam TNT Express B.V.
Titel TNT reports 3Q14 results, announces €185 million investment in core European road network
Bericht Reported operating income €47m negative (3Q13: €3m positive), impacted by restructuring provisions and provision of €50m for French competition case, reported revenues €1,646m (-2.0%) Adjusted operating income up 28.2% to €50m (3Q13: €39m), adjusted revenues down 3.0% year-on-year, but up 2.7% if restated for disposal of China Domestic and Dutch fashion business Period end net cash €414m (2Q14: €395m) Four-year €185m investment in core European road network as part of Outlook programme Commenting on this quarter’s developments, Tex Gunning, CEO said: ‘In our recent trading statement, we highlighted the challenging trading conditions in Europe. Visibility on these trading conditions remains limited. Despite this, this quarter saw another improvement in our adjusted operating income, with every segment making a positive contribution apart from Europe Other & Americas where performance was broadly flat. Supporting this was the progress made in rolling out Outlook, including ongoing Deliver!-related cost savings, which were €28m during the quarter. The Outlook strategy focuses on improving performance and productivity across the company, including increasing automation in TNT’s hubs and depots, launching new marketing campaigns and continuing to focus on providing our customers with a market leading service. Central to the Outlook strategy in the next three to five years is the investment programme in TNT’s businesses. The new €185m investment in TNT’s European road network that we announce today will improve efficiency and service quality and strengthen TNT’s position as the preferred road delivery service in terms of quality, speed, coverage and value. Our management board is focused on creating a sustainable future for TNT. We are looking forward to giving a full update on our progress and plans for the business during the Capital Markets Day on 18 February 2015.’