Tag: Europe

TNT announces 2006 Q1 results.

Posted by | May 3, 2006 | |

TNT reports 14.2% operating income growth with operating income up 30.5% in the Express business egment and in Mail over 4% revenue growth with an operating margin of almost 22%. CEO Peter Bakker said “We are pleased with the developments in Q1 of 2006. In all key areas of our Focus strategy, good progress has been made. Our businesses performed well, tax issues were further mitigated and the Logistics divestment is in progress. Our performance clearly supports the strategic direction that we started with our Focus strategy.”

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La Poste delivers strong profit growth

Posted by | May 2, 2006 | |

The French post office, La Poste, is set to announce a 49 per cent rise in its net profits for 2005, to 557m euros, having been expecting just over 400m euros. An operating margin of 3.6 per cent is forecast (up from 2.8 per cent in 2004), broadly in line with the 3.5 per cent predicted in December.

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Downstream Access has merged with Citipost

Posted by | May 2, 2006 | |

Downstream Access (UK) Ltd has now joined forces with Citipost and launched a new downstream access service. The company has set up a new division, Citipost DSA Ltd, to help posting clients maximise the opportunities now available as a result of the deregulation of the UK postal market.

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TNT sells ID Company Fashion to WE International

Posted by | May 2, 2006 | |

TNT and WE International today announced that they have completed the sale of ID Company Fashion BV (IDCF). Parties agreed not to disclose financial details. TNT decided to divest IDCF as the company’s activities are non-core to TNT.
IDCF is one of the leading suppliers of corporate wear in the Netherlands.

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Plimsoll Publishing Courier Report

Posted by | May 1, 2006 | |

A new analysis of the UK courier industry has been presented in a 515-page report from specialists Plimsoll Publishing.
The report takes the country’s largest 150 operators by turnover and scrutinizes their financial performance over tile last four years. Those businesses account for 91 per cent of the courier sector, up dons 86 per cent four years ago but it is a hard-core 33 that have apparently dominated a resurgence in the market.
One upshot of this, say the findings, is that 91 companies will struggle to keep their
business on a firm financial footing, while 26 arc facing financial distress.
The report is priced at £500, but is available to readers of
Despath Manger at a discount of five per cent.

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