1-Aug-2012 10:16 AM

TNT Express reports profit growth in 2Q2012

TNT Express revenue up 2% - financial highlights:

  • Three months ended 30-Jun-2012:
    • Revenue: EUR1830 million, +1.7% year-on-year;
      • Europe and MEA: EUR1157 million, +1.9%;
      • Asia Pacific: EUR437 million, -1.1%;
      • Americas: EUR118 million, +1.7%;
    • Operating costs: EUR1755 million, +0.2%;
    • Operating profit: EUR77 million, +67.4%;
    • Net profit: EUR40 million, +900%;
  • Six months ended 30-Jun-2012:
    • Revenue: EUR3649 million, +1.5%;
      • Europe and MEA: EUR2304 million, +0.7%;
      • Asia Pacific: EUR867 million, +0.7%;
      • Americas: EUR236 million, +3.5%;
    • Operating costs: EUR3538 million, +2.7%;
    • Operating profit: EUR114 million, compared to a loss of EUR33 million in p-c-p;
    • Net profit: 56 million, compared to a loss of EUR102 million in p-c-p;
    • Total assets: EUR4668 million, -0.7% when compared to period ended 31-Dec-2011;
    • Cash and cash equivalents: EUR259 million, +3.6% when compared to period ended 31-Dec-2011;
    • Total liabilities: EUR1716 million, -9.2% when compared to period ended 31-Dec-2011. [more – original PR]

TNT Express: “Despite an increasingly challenging economic environment, TNT Express was able to sustain profitability. In Europe, good volume growth underscores the strength of our diversified product portfolio. Cost savings and revenue-enhancement initiatives also supported profits. Performance in Asia Pacific and Americas continued to improve as a result of business development and restructuring measures,” Marie-Christine Lombard, CEO. Source: Company statement, 30-Jul-2012.