Press Releases (archive)

Hoofddorp, the Netherlands

• Reported revenues €1,777m (+1.3%); adjusted revenues (at constant FX) €1,788m (+1.9%)
  
• Reported operating income €32m (-13.5%); adjusted operating income (at constant FX and excluding one-offs) €43m (-46.9%)
  
• Brazil operational KPIs continue to improve; strong pipeline but revenue not yet sufficient to cover past loss of major customers
  
• Deadlines reiterated: 2H12 for Brazil turnaround and 2013 for profitability China domestic
  
• Net cash from operating activities €33m and net cash used in investing activities €26m
  
• Net debt €104m (2Q11: €107m)
  
• First phase of €50m indirect cost savings successfully implemented; approximately €20m annualised savings to be realised in 2011, with €11m of associated costs in 3Q11 (€28m year to date)
  
• Additional operational cost savings and improvement measures, including significant flexibilisation of Asia-Europe capacity, currently being identified

Hoofddorp, the Netherlands

With effect of 1 November 2011, TNT Express N.V. appointed Mr Jan Ernst de Groot as General Counsel and Managing Director External Affairs. His focus area will be legal and regulatory affairs including sustainable development.

Hoofddorp, the Netherlands

TNT Express today received the 2011 Smart Services Award from Cisco, a leader in the development of Internet Protocol (IP)-based networking technologies, during a ceremony in Singapore. TNT Express was awarded the prestigious recognition for providing Cisco with real time visibility of all their transportation flows across the Asia Pacific through the implementation of a regional "control tower" based in Beijing, China. A control tower is a tailored bundle of information services used to manage and monitor a customer’s supply chain.

"This award recognizes TNT’s contribution for their forward thinking and outstanding operational excellence. TNT has enabled proactive and personalized services to customers and used technological innovation to transform the business", said Karen McFadzen, Vice President of Cisco Technical Services Asia Pacific, Japan and Greater China.

Hoofddorp, the Netherlands

While trading was relatively resilient in EMEA, with overall steady volume development, worsening product mix negatively impacted the 3Q11 operating performance. Cost control and efficiency gains helped mitigate revenue pressure.

Asia Pacific profitability suffered from continuing weak Asia-Europe demand, leading to sub-optimal capacity utilisation in a soft pricing environment. The company continues actively to optimise its exposure to intercontinental capacity. Domestic China saw an improved product mix but this was offset by general and wage cost inflation. The 2013 deadline remains.

In Americas, Brazil’s operational quality continued to improve but revenue was not sufficient to cover the past loss of major customers. Progress has been made towards the 2H12 turnaround deadline. There will be a value assessment in 4Q11.

The first phase of the indirect and overhead cost-reduction programme has been successfully implemented.