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.