Press Releases (archive)

Amsterdam, the Netherlands – The Supervisory Board of TNT Express has today announced the appointment of Tex Gunning as CEO, pending shareholder approval, with effect 1 June 2013. Bernard Bot will remain in his Executive Board position of CFO. Jeroen Seyger, currently interim CFO, will continue in a senior Finance function in the company.

Amsterdam, The Netherlands – TNT Express N.V. has today published the agenda of its Annual General Meeting of Shareholders. As part of the agenda, TNT Express is proposing the appointment of Mr Tex Gunning as an additional member of the Executive Board in the position of CEO, and Mr Sjoerd Vollebregt as an additional independent member of the Supervisory Board.

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Hoofddorp, The Netherlands

• Reported revenues €1,864m (-0.5%); reported operating income €(71)m (4Q11: €(104)m)
  
• Adjusted revenues (at constant FX) €1,835m (-2.0%); adjusted operating income (at constant FX and excluding one-offs) €47m (4Q11: €58m)
  
• Net cash from operating activities €168m, net cash used in investing activities €66m and net cash €139m (4Q11: €7m net debt)
  
• €50m indirect cost savings programme launched in May 2011 fully realised; nearly two thirds of re-scoped €100m further cost savings programme realised in 2012
  
• €120m business one-offs, including China and India Domestic impairments and value adjustment of 747s
  
• Proposed pro forma dividend of €0.03, in line with dividend guideline