Tag: International

TNT announces start of last tranche under its EUR 500 million share buyback programme

Posted by | Apr 28, 2008 | |

TNT announced the start of its third and last tranche under the EUR 500 million share buyback programme on 29 April 2008. This last tranche amounts up to EUR 200 million.

TNT announced the EUR 500 million share buyback program on 30 July 2007: on 4 January the first tranche of EUR 200 million and on 15 February the second tranche of EUR 100 million were completed.

TNT’s issued share capital currently consists of 379,224,255 ordinary shares. This number still includes the 11,034,904 shares repurchased as part of the above-mentioned tranches. These shares are cancelled following the decision of TNT’s AGM on 11 April 2008 once all necessary formalities have been fulfilled. TNT intends to cancel the shares to be acquired under this last tranche taking into account applicable regulations as stipulated by law and the articles of association.

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TNT N.V. publish 2008 first quarter results

Posted by | Apr 28, 2008 | |

The quarter, revenues and results are negatively impacted by the anticipated phasing impact of week 1 and Easter in Express and Mail. The impact is a decrease of around EUR 70 million in revenue, and around EUR 40 million in operating income compared to Q1 2007.

TNT’s outlook for 2008 is based at constant average 2007 foreign exchange rates versus the Euro. The decrease of revenues resulting from FX rate differences versus the euro in the first quarter was around EUR 65 million, with limited
impact on operating income.

Additionally, a first EUR 7 million impairment charge out of the approximately EUR 70 million Postkantoren restructuring costs previously announced, has been taken.
The underlying development of the business, taking into account above factors, will therefore be the focus of the summary analysis below.
Group
• Results versus Q1 2007 show expected impact of week 1, working days and Easter phasing
• Underlying business growth develops in line with Q4 2007 as expected
Express
Adjusted for impact week 1 and Easter:
• Core volume growth in line with Q4 2007, up 3.3 pct; yield 5.1 pct
• Operational revenue growth 10.4 pct
• Emerging platforms operational revenue growth well above 20 pct
• Operating margin in line with Q1 last year, at 8.2 pct
Mail
Adjusted for impact working days and EUR 7 million restructuring costs:
• Operational revenues 1.4 pct above last year’s level
• Emerging Mail & Parcels operational revenue growth over 15 pct
• EBIT at EUR 209 million (Q1 2007: EUR 231 million); decrease due to EUR 12 million higher net one-offs in Q1 2007 and autonomous volume reduction

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TNT and DHL expand in Brazil

Posted by | Apr 25, 2008 | |

TNT CEO Peter Bakker told the business newspaper Valor Economico that the Dutch group planned to invest EUR 100 million in Brazil over the next 5-10 years to extend its market leadership. Following the acquisition of the domestic express market leader Mercurio in January 2007, he did not exclude further acquisitions.

Investment will be made in new vehicles, storage and distribution centres, enhanced call centre technology and an intra-regional road network, he said. Mercurio’s fleet will be increased from 1,500 vehicles to about 1,900.

Roberto Rodrigues, head of TNT Brazil and Mercurio, said the company’s volumes, including European traffic, were growing so fast that TNT was considering operating exclusive cargo flights between Brazil and Europe. A possible re-branding of Mercuro to TNT will be decided on in mid-2008.

Meanwhile, DHL is launching two new time-definite services for international deliveries from Brazil to the US and other Latin America countries, the Gazeta Mercantil reported. Until now, DHL Express has offered its DHL Express Worldwide, with delivery by the end of the next working day, to customers in Brazil.

The new DHL Express 10:30 service provides next-day delivery to US destinations by 10:30 backed by money-back guarantees. The DHL Express 12:00 service offers next-day delivery by 12:00 to eight Latin American countries, including Argentina, Chile and Mexico, the newspaper reported.

Juliana Vasconcelos, marketing director of DHL Express in Latin America, said that by delivering documents or goods on a time-definite basis, DHL customers or their clients would be able to speed up their decision-making to the same working day.

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TNT in Bulgaria: Shipping consignments is their business

Posted by | Apr 25, 2008 | |

TNT Bulgaria has been an active member of UN Global Compact (GC) in Bulgaria since 2002, as well as of the Bulgarian Business Leaders Forum (BBLF) and a member of its board since 2002. In 2003, TNT Bulgaria received the BBLF Business Award for Investor in Human Capital. In April 2004, the company was awarded a certificate of recognition from UN GC for its efforts in promoting the principles of GC with respect to human rights and labour conditions.

TNT Bulgaria currently employs more than 200 people. Vassilev, Country General Manager, believes that more staff will have to be employed in the light of increased annual turnover. “More shipments mean more resources to deliver to and collect from clients,” Vassilev says. “But the company implements many new technologies that, to a great extent, spare us the need to boost the numbers of our workforce. Recently we introduced, in the courier department, scanning “In-cab” technology, which allows for processing the operational data completely online on a mini-computer, which all couriers carry with them. This is used for both collection and delivery of shipments, and saves further work later in the office for other departments. This leads to optimisation of the whole process, and provides real-time information to our customers,” Vassilev says.

Electronic invoices were another environmentally-friendly innovation this year. “We are one of the first Bulgarian companies in our field to start electronic invoicing. It saves time and resources but, most importantly, we protect the environment. TNT Bulgaria, and TNT in general, is a socially responsible company, which takes part in different national and international projects to strengthen its image of good corporate citizens of planet Earth,” Vassilev says.

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Blue Dart Revenue up at 240.64 Crores.

Posted by | Apr 24, 2008 | |

Blue Dart Express Limited declared its financial results for the first quarter ended March 31, 2008 at its Board Meeting held in Mumbai.

Income from operations for the 1st quarter 2008 was Rs. 239.70 Crores, an increase of 31.95 pct over the corresponding quarter of the previous year. The company posted Rs. 45.66 Crore profit before tax for the quarter ended March 31, 2008, as compared to Rs. 23.43 Crore for the quarter ended March 31, 2007.

Speaking on the occasion, Anil Khanna, Managing Director, Blue Dart Express Ltd said “Blue Dart in its 25th year of operations stands committed to its role of a trade facilitator. We have over the years built our differentiation on the fundamentals of service excellence and customer centricity. We serve a loyal customer base and our results are a confirmation of our customer’s trust in us and of our commitment to serve their business.”

He further added “With the reinforcement of our ground express product ‘Dart Surfaceline’ last year, we have now expanded our reach to over 20,843 locations across the country. Today, we are the only service provider with a distinctive capability to offer the entire gamut of express distribution solutions.”

1 USD = 40.1158 INR

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