Tag: Europe

TNT N.V. announce 2007 Q3 results

Posted by | Oct 29, 2007 | |

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.”

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Norway Post: Strong growth in revenue – increased costs

Posted by | Oct 29, 2007 | |

Norway Post presented accounts today which show a strong growth in revenue during the first three quarters of the year. At the same time the Group’s costs have increased, contributing to a weakening of the earnings compared with the same period last year.
Norway Post’s operating revenue as at 30 September 2007 was NOK 19.8 billion, compared with NOK 17 billion for the same period in 2006. The 16.4 per cent growth in revenue is mainly due to acquisitions and an increase in the volume of A (priority) and B (economy) mail as well as an increase in sales for the Group’s logistics products.

Earnings before interest and taxes (EBIT) as at 30 September 2007 were NOK 1 035 million, compared with NOK 839 million as at 30 September 2006. Earnings were positively affected by a gain on the sale of property (Norway Post’s letter centre in Oslo) of NOK 625 million in the first quarter.

After adjusting for non-recurring items, the Group achieved earnings of NOK 411 million as at 30 September 2007, compared with NOK 872 million for the same period last year.

The start-up of CityMail in Denmark has also negatively affected the Group’s results.

The extraordinary measures that were implemented after the delivery problems last winter have resulted in good delivery quality levels. An independent report on delivery times shows that Norway Post meets all the six licence requirements by a good margin. In the third quarter, 88.1 per cent of all A (priority) letters were delivered overnight. The licence requirement is 85 per cent.

The Group’s long-term goal is to achieve a market-leading position as an integrated postal and logistics group in Norway and the Nordic region. The EU recommendation to liberalise the remainder of the postal markets in Europe by 2011 will mean a restructuring and consolidation of the industry.

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Connect Africa Summit: postal networks must be a partner of choice

Posted by | Oct 29, 2007 | |

A UPU paper published for the Connect Africa Summit, which opened today in
Kigali (Rwanda), states that a postal network linked to other providers of infrastructure and network services would contribute to economic development and bring relief to poor and unconnected people.

More than 80 pct of post offices in Sub-Saharan Africa located in small- and medium-sized cities and rural areas, where 80 pct of the population lives. In his paper called Connecting the “unconnected” in Sub-Saharan Africa: postal networks can leverage access to infrastructure services, economist José Anson says that digital connectivity alone is not enough to trigger local, national or global trade. Physical connectivity is also essential in order to seize the opportunities brought by greater access to information through digital communication technologies.

“If digital and physical connectivity is to reduce poverty, then partnerships between networks must be closely examined so that the resources needed to provide infrastructure services in many small and medium-sized cities as well as rural areas are better shared, and the unit costs of delivering these services considerably reduced. Connecting networks such as the post, water, power, telecommunication and other utilities in peripheral regions is very likely to trigger unexpected economic efficiency gains.”
In Brazil, letter carriers read electricity meters, and prepare bills and collect payments on behalf of electricity companies. The Brazilian postal network has also facilitated access to basic financial services by teaming up with a private bank to create subsidiaries in isolated communities without any access to banking services.

The UPU has made Africa a priority. The continent was the first to benefit from a Regional Development Plan, a new tool developed by the UPU International Bureau as part of its efforts to regionalize activities to take advantage of the globalization of exchanges and contribute to the achievement of the UN Millennium Goals for Development.

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Norway Post: Strong growth in revenue increased costs

Posted by | Oct 29, 2007 | |

Norway Post presented accounts today which show a strong growth in revenue during the first three quarters of the year. At the same time the Group’s costs have increased, contributing to a weakening of the earnings compared with the same period last year.
Norway Post’s operating revenue as at 30 September 2007 was NOK 19.8 billion, compared with NOK 17 billion for the same period in 2006. The 16.4 per cent growth in revenue is mainly due to acquisitions and an increase in the volume of A (priority) and B (economy) mail as well as an increase in sales for the Group’s logistics products.

Earnings before interest and taxes (EBIT) as at 30 September 2007 were NOK 1 035 million, compared with NOK 839 million as at 30 September 2006. Earnings were positively affected by a gain on the sale of property (Norway Post’s letter centre in Oslo) of NOK 625 million in the first quarter.

After adjusting for non-recurring items, the Group achieved earnings of NOK 411 million as at 30 September 2007, compared with NOK 872 million for the same period last year.

The start-up of CityMail in Denmark has also negatively affected the Group’s results.

The extraordinary measures that were implemented after the delivery problems last winter have resulted in good delivery quality levels. An independent report on delivery times shows that Norway Post meets all the six licence requirements by a good margin. In the third quarter, 88.1 per cent of all A (priority) letters were delivered overnight. The licence requirement is 85 per cent.

1.00 USD = 5.35284 NOK

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