TNT Hungary bucks local trend to increase sales by more than 61%
TNT Express Worldwide Hungary Kft increased its turnover in 2006 by 61.2% over the previous year, well beyond the average for its sector.
“Part of this sales jump is linked to one limited project ending this year; however, even excluding this item, we are clearly above both the industrial average growth rate in Hungary and the average growth rate of 12% within TNT Express,” said managing director Márton Járosi Jr.
TNT Hungary attributes its success to the fact that it has improved the quality, broadened its range of its services and increased its client base among small- and medium-sized enterprises.
Express delivery companies on the Hungarian market were generally affected by the government’s deficit-cutting program causing a slowing-down of Hungarian economy in the second half of the year.
Some Ft369m (USD 1.9m) was invested in the Hungarian business in 2006. The biggest single amount was spent on the development of the logistics and sorting center in Ecseri út, Budapest, which increased from 1,300 to 1,950sqm. The vehicle park grew by 8% in 2006 and further investments were made in IT.
The postponement of the development of the Budapest Ferihegy airport has proved a problem for TNT Hungary.
A short-term minor investment was therefore made to increase its existing operational area in the airport. Ft673m (USD 3.6m) has been earmarked for developments this year, of which Ft290m (USD 1.5m) is slated to be used for the establishment of the new TNT center in Ferihegy airport, although it says that remains dependent on the plans of the new owner of the airport.
TNT said its Hungarian organization has been certified both according to the standards of OHSAS 18001 on health and security management, as well as that of ISO 14001 on environment management.
Even more important, the company said, is the fact that two Hungarian TNT units have been certified according to the highest ‘A’ level of TAPA FSR (Technology Asset Protection Association Freight Security Requirements).
