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TNT Express B.V.

TNT Express B.V.

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Publicatie datum 27 jul 2015 - 06:48
Statutaire naam TNT Express B.V.
Titel TNT reports second quarter results
Bericht - Revenue growth of 6.2%, 4.1% at constant FX, net of fuel surcharges and disposals - Adjusted operating income of €41m includes Outlook-related transition costs - Signed BPO contract as part of plan to establish global business services (GBS) - Capex investments increased to €96m (2Q14: €37m) in line with Outlook strategy - Higher service performance and revenues from SMEs year-on-year - No interim dividend planned for first half of 2015 - Net cash position of €261m Amsterdam, The Netherlands, 27 July 2015– TNT today reported second-quarter revenues of €1,757 million, up 6.2% year-on-year, and an operating income of €19 million, compared with €3 million in the second quarter of 2014. Adjusted for positive currency effects, which increased revenues by 4.1%, the negative impact of lower fuel surcharges, which lowered revenues by 1.3% and disposals (-0.6%), TNT’s underlying revenue growth for the period was 4.1%, driven by the continued growth of revenues from SMEs. Operating income for the second quarter of 2015 includes €22 million of restructuring and other charges. Adjusted operating income was €41 million in the second quarter, €29 million below last year. Profitability was affected by IT transition and Outlook project costs (€15 million), costs to introduce new services and facilities, as well as pricing pressures. Capital expenditures rose to €96 million (or 5.5% of revenues) in the second quarter, compared with €37 million (2.2% of revenues) in the same period of last year. During the second quarter, TNT continued to invest in sorting machinery, vehicles and IT. Next to investing in Liege, the company is completing new sorting facilities in Madrid, Eindhoven, Swindon (UK), Brisbane and Melbourne, all of which will enter operations during the second half of this year.