Dutch TNT Reiterates 2005 Outlook
TNT NV, former TPG NV, has reiterated the earlier announced outlook for the company’s performance in 2005 at a press conference held on May 30, 2005.
TNT expects a one-digit year-on-year increase in turnover of its Express unit in 2005. The Post and Logistics units are expected to report unchanged year-on-year results for 2005.
Chief executive officer (CEO) of TNT, Peter Bakker said he had confidence in achieving the targets set for 2005.
According to the CEO, TNT will announce a number of cooperation agreements with Chinese companies in 2005. TNT continues looking for strategic options within Europe, Bakker concluded.
[Editor’s note: TNT posted a net profit of 193 mln euro ($241.9 mln) for the first quarter of 2005 compared to 186 mln euro ($233.1 mln) for the same period of 2004, the Dutch News Digest reported on May 4, 2005.]
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Source: De Financiele Telegraaf,AII Data Processing Ltd.
