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TNT Express reports losses in 4Q2011 and FY2011

22-Feb-2012 11:34 AM

TNT Express revenue up 2% - financial highlights:

  • Three months ended 31-Dec-2011:
    • Revenue: EUR1873 million, +2.3% year-on-year;
    • Operating profit (loss): (EUR104 million), compared to a profit of EUR24 million in p-c-p;
    • Net profit (loss): (EUR173 million), compared to a profit of EUR4 million in p-c-p;
  • 12 months ended 31-Dec-2011:
    • Revenue: EUR7246 million, +2.7%;
    • Operating profit (loss): (EUR105 million), compared to a profit of EUR180 million in p-c-p;
    • Net profit (loss): (EUR270 million), compared to a profit of EUR66 million in p-c-p;
    • Total assets: EUR4701 million, -15.0%;
    • Cash and cash equivalents: EUR250 million, -69.0%;
    • Total liabilities: EUR1889 million, -25.3%. [more – original PR]

TNT Express: “Major uncertainty in the economic environment. Risk of European recession and slowdown in Asia. Anticipated positive development of emerging domestic operations in Brazil and China partnership opportunities to be explored.” Company statement. Source: TNT Express, 21-Feb-2012.