TNT Express N.V.
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Publicatie datum
28 jul 2014 - 07:44
Statutaire naam
TNT Express N.V.
Titel
2Q14 results: Improved performance supported by restructuring initiatives
Bericht
Amsterdam, The Netherlands, 28 July 2014
Reported operating income €8m positive (2Q13: €287m negative), reported revenues €1,662m (-5.9%)
Higher adjusted operating income €82m (2Q13: €60m)
Adjusted revenues €1,703m (-3.6%) but restated for disposal China Domestic and sale Dutch TNT Fashion Business adjusted revenues + 1.1%
Better results in all segments apart from UK Domestic as part of Europe Main
Outlook Strategy on track: cost reduction programme €33m achieved in the quarter (1Q14: €30m)
Period end net cash €395m (1Q14: €402m)
Interim pro forma 2014 dividend of €0.049 per share declared representing 40% pay-out of 1H14 normalised net income; shareholders may choose to receive the dividend in stock or cash
Segments
Europe Main: Results flat reflecting uneven economic growth and competitive pressures
Europe Other & Americas: Profit growth supported by solid yield development
Pacific: Market remained difficult, but targeted cost initiatives improved profitability
AMEA: Strong across-the-board performance
Brazil Domestic: Recovery continued and moved into profit after first quarter breakeven
Outlook Strategy
2Q14 restructuring-related charges and restructuring-related implementation cost €74m
Ongoing investment in Liège Eurohub and road infrastructure
New segment reporting to be implemented at 4Q14, with full reconciliation
Capital Markets Day confirmed for 18th of February 2015
Datum laatste update: 01 september 2024