TNT announces 2005 full year and Q4 results
TNT 2005 FULL YEAR AND Q4 RESULTS, Amsterdam, February 27, 2006
Fourth Quarter:
– All-time high margin in Express Segment of 10.3%
– Double digit underlying revenue growth
– Mail achieves 18.8% operating margin
Full Year and ‘Focus on Networks’:
– Strong operating results from continuing activities
– A record 8.9% full year margin in Express Segment
– Mail achieves 19.5% margin, full year
– Dividend up 10.5%, from 57 cents to 63 cents
– Good progress on ‘Focus on Networks’ strategy
– Asian network expansion; Hoau agreement signed today
– Logistics exit on track; division stable during sale process
– € 1 billion share repurchase – € 583 million completed by 22 February 2006
CEO Peter Bakker:
“TNT ended the year with very satisfying results from its network
businesses: a record margin in Express with strong top-line growth
and Mail achieving a great margin, thanks to its relentless pursuit
of operational efficiency. It was also good to see next day delivery
quality push ahead a little, to almost 97%.
In December, we launched the “Focus” strategy aimed at exploiting
TNT’s operational excellence in network management. The Logistics
exit is on track and the business remains stable, testifying to the
professionalism of its people.
I am pleased that the tax investigations have reached conclusions,
allowing us to remove uncertainty by announcing the estimated
financial impact of the investigations. We take no additional
accruals and the estimated contingent tax liability is € 150 million
to € 550 million.”
For the complete press release, please see attachment.
P:LibraryTPGTNT 2005_Full_Year_and_Q4_Results.pdf
