TNT ‘Focus on Networks’ strategy successful
TNT full-year revenues are up 7.8% and the operating income is 11.1% higher
TNT’s ‘Focus on Networks’ strategy seems to be working with 2006 group revenues up by 7.8% and operating income rising by 11.1%.
There was continued strong cash generated from operations – up by 14.0%.
The divestment of logistics and freight management activities was successfully completed.
New growth platforms were established in Express emerging markets – India, Brazil and China – and in European Mail Networks. Over Eur 1.9 billion of cash was distributed to shareholders in 2006.
There were strong results in the fourth quarter. A record margin of 10.7% was achieved in Express, with double digit revenue growth. Revenue growth in Mail continued, driven by a 28.1% increase in European Mail Networks.
In 2006 a dividend of Eur 292 million was proposed, a figure that was 7% higher than in 2005.
A new share repurchase of up to Eur 400 million was announced today, starting after the AGM. The outlook for 2007 aims at further revenue and profit growth.
