Tag: TNT

TNT’s presentation of fourth quarter results on Monday is likely to be overshadowed by possible news on the sale of its logistics division or the alleged tax irregularities at some of its subsidiaries, analysts polled by AFX News said. Net profit is seen at 147-165 mln eur, down from 191 mln after an exceptional charge for the sale of the French logistics division, and sales are expected to come in at 3.5-3.6 bln eur, compared to 3.6 bln under GAAP. EBIT is seen at 241-262 mln eur, from 349 mln. Speculation about a possible break-up of TNT is rife after management in December announced that its Logistics division is up for sale. ‘In a break-up scenario, we believe US express delivery companies FedEx and UPS with, for instance, La Poste France would be highly interested, from a regional point of view and for reasons of strategy – none of them would be pleased if one of their competitors snapped up TNT Express,’ said Van Lanschot analyst Geert Jan Hoppers. Rabo Securities analyst Philip Scholte takes a more cautious stance on possible news surrounding the Logistics sale. ‘We do not yet anticipate any concrete news of the Logistics activities besides qualitative remarks such as ‘enough interest’ and ‘we stick your our expectation of a small book profit’, said Scholte.

TNT N.V. today announced it intends to delist from the London and Frankfurt stock exchanges. The costs for these listings are not justified by the low trading volume in TNT shares at both stock exchanges. The expected date for the cancellation of the listing on the London Stock Exchange will be on or about 21 March 2006 and for the Frankfurt Stock Exchange before the end of May 2006. TNT shares will remain listed at Euronext Amsterdam N.V. and the New York Stock Exchange.