TPG NV will report on Wednesday a small rise in operating profit over the first quarter, while net earnings will come in lower, analysts said.
Operating profit from continuing operations is expected to show a single-digit rise from 277 mln eur last year, led by margin improvement at Express and Logistics. A positive outlook for the Express division could push the stock higher, analysts expect.
At a time when transport operators are complaining about overcapacity, lower rates and a drop in volumes, TNT recorded a 15% growth in revenue for the Gulf region in 2001 with a similar figure predicted for this year. Mark Pell, TNT’s Gulf general manager, predicts a 17% increase in revenue on consignments handled in the UAE this year – the regional hub – following 19% growth last year.
Read MoreCourier Company TNT Express Worldwide s.r.o., Bratislava, (TNT) grossed SKK 4.8 million last year. “The company’s turnover in mail service soared by 92 percent to SKK 123 million over the year. The original plan counted on 60-percent turnover growth,” finance director of company Katarina Baginova told SITA.
TNT is the third largest courier company in Slovakia in the sector of express distribution, logistics as well as providing mail services. It employs 78 people and runs 34 motor vehicles. Among its largest clients are Volkswagen, Molex, Honeywell and Sony.
ANY MARKETER WORTH HIS or her salt knows that direct marketing (DM) is one of the most cost effective ways to spend their budget. With the deregulation of the postal market, the case for DM, and in particular direct mail, is set to get even more persuasive.
The move, announced by the Postal Services Commission (Postcomm) in January this year, aims to reduce Consignia’s monopoly in the UK postal market. Final details of the changes are due to be made public this month, although Consignia is currently lobbying hard for the proposed changes to be postponed.
TNT Express is to ship more than 60,000 consignments a year from 36 BMC Software locations in countries across Europe, the Middle East and Africa. It will also deliver BMC marketing material.
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