Tag: TNT

TNT NV expects large investments in the coming years to achieve its growth ambitions on the German letter delivery market, CEO Peter Bakker said on May 5, 2006. Germany and the UK are important markets for TNT, where it aims to grow in a move to compensate the lower results in the shrinking postal market in the Netherlands. The forthcoming liberalisation of the German postal market offers a great growth potential, TNT said. The UK postal market was liberalised at the beginning of 2006. According to Bakker, TNT will need four to five years to acquire a share of between 10 pct and 15 pct in the German postal market, provided that it will be liberalised in 2008. With a market share of 10 pct to 15 pct in Germany, where Deutsche Post is currently monopolist in letter delivery services, TNT will deliver more letters than in the Netherlands.

TNT NV chief executive Peter Bakker said he expects his company to gain 15 pct market share in Germany within four to five years of 2008, when the country’s mail business is being liberalized, according to an interview in Welt am Sonntag newspaper. ‘If the market is really opened up in 2008, I believe that we will have 15 pct four or five years later,’ he said. He said TNT believes that Deutsche Post World Net AG will have to give up up to 40 pct of its local mail business to competitors once Germany’s mail industry is liberalized.