Dutch TNT sees large investments in Germany
Dutch mail and express deliveries group TNT NV expects large investments in the coming years to achieve its growth ambitions on the German letter delivery market, CEO Peter Bakker said on May 5, 2006.
Germany and the UK are important markets for TNT, where it aims to grow in a move to compensate the lower results in the shrinking postal market in the Netherlands. The forthcoming liberalisation of the German postal market offers a great growth potential, TNT said. The UK postal market was liberalised at the beginning of 2006.
According to Bakker, TNT will need four to five years to acquire a share of between 10 pct and 15 pct in the German postal market, provided that it will be liberalised in 2008.
With a market share of 10 pct to 15 pct in Germany, where Deutsche Post is currently monopolist in letter delivery services, TNT will deliver more letters than in the Netherlands.
TNT (www.tnt.com) aims at generating an annual revenue of 1.7 bln euro ($2.164 bln) from letter deliveries outside the Netherlands in 2012. That revenue stood at 426 mln euro ($542.2 mln) in the first nine months of 2005.
www.eindhovensdagblad.nl
Source: Eindhovens Dagblad
