TNT N.V. announce 2007 Q3 results

Express
– Strong volume and revenue growth versus very strong Q3 2006 comparatives
– Earnings before depreciation and amortisation (EBITDA) € 190 million, up 11.1%
– Operating margin excluding recent acquisitions consistently strong

Mail
– Continued good revenue growth due to EMN expansion
– First volume success of differentiating product offering in Mail Netherlands visible
– Operating margin stable

Group
– Net profit EUR 167 million
– Outlook confirmed

CEO Peter Bakker:
“The development of our results is satisfactory, certainly compared to the very strong Q3 of last year. Both Express and Mail revenues showed good organic growth and we continued to invest in emerging businesses in Express and Mail.

In Express, the operating margin, excluding the planned start-up costs of our recent acquisitions is above last year’s. In Mail, EMN revenue continues to develop strongly, particularly in the UK and Germany, whilst in Mail Netherlands we saw the positive impact of our product differentiation strategy on volumes.

In The Netherlands, we are continuing discussions with the trade unions on the new masterplan initiatives. As a first step, the Mobility Agreement, which will be part of the overall collective labour agreement, has now been agreed between the unions and ourselves.

Finally, I am pleased that TNT ranks first in the Dow Jones Sustainability Index 2007 and that we achieved the highest score in the entire index.”