TNT Q2 results show strong mail/record express margins

The second quarter of 2005 showed continued good performance of the Mail and Express divisions. The Mail division reported another strong operating margin, despite higher pension costs, and the European Mail Networks business continued to record strong organic revenue growth of 20%. Express revenues grew double digit and operating income was up 28%, reaching another margin record. The division is firmly on track to reach its ambitious target of a 10% operating margin in 2007.