Dutch TNT Express confirms growth targets
TNT Express, a division of Dutch mail and express deliveries group TNT NV, has confirmed its target for an annual growth of between 10 pct and 15 pct in the coming years, TNT Express CEO Marie-Christine Lombard said.
TNT Express is also expected to achieve its profit margin target of 10 pct in 2007.
The cost-cutting programme at TNT’s Mail division, which is set to produce annual cost savings of 320 mln euro ($402.4 mln), is also on schedule with 234 mln euro ($294.3 mln) saved so far.
TNT Express expects further to maintain a double-digit revenue growth rate at its Special Services unit, which specialises in the handling of shipments for the medical hi-tech, automotive and garment industries. The unit also provides refrigerated services, complemented by specialist packaging for food and wine distributors.
