Dutch mail firm Sandd doubles profits

Dutch postal services company Sort and Deliver (Sandd) saw revenues rise 36% to EUR 68 million last year, from EUR 50 million in 2005.

Operating profit doubled to EUR 5 million, from EUR 2.5 million, reinforcing the company’s position as No.2 to TNT Post in the Netherlands.

Sandd delivered more than 320 million items in 2006, boosting its share of the Dutch market to 12% from 8%.

The company forecasts further growth this year, delivering 430 million items (35% more than in 2006), improving market share to 16% and revenues to around EUR 85 million (+25%).

Sandd currently has 80 distribution centres, employs 10,500 delivery workers and claims to have 1,500 customers.

“One of our objectives for 2006 was to reinforce our position with publishers, more than 40% of whom are our customers, and we have contracts with nearly all Dutch banks as a preferred supplier alongside TNT,” said Sandd CEO Bart Stomphorst.