Tag: TPG

TNT helps lorry group to double its profits

Posted by | Mar 1, 2005 | |

Dutch delivery and logistics group TPG – which also operates TNT in the UK – has delivered the highest net profit in its history, helped by the restructuring of its logistics division and by higher margins in its TNT express business.
TNT, which has a turnover of approximately pounds 750 million in the UK, has a high presence in the West Midlands. The region is home to the company’s UK headquarters in Atherstone as well as the largest UK depot at Network Park in Saltley, Birmingham.

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TPG CEO sees news on Danish Post deal in 1 month, no word on Belgian buy

Posted by | Feb 28, 2005 | |

Peter Bakker, CEO of TPG NV, said he expects to hear from the Danish government within one month on the sale of a stake in the Danish postal operator.

TPG is among several bidders for the 25 pct stake in Post Danmark put up for sale by the Danish government.

TPG has also expressed interest in bidding for a stake in the Belgian postal operator. However, Bakker said he has had ‘no clear indications’ from the Belgian government yet on the timing of privatisation.

TPG is looking to expand into foreign postal markets in order to help offset declines in domestic mail volumes and increasing competition in the Netherlands.

Bakker was unphased by recent reports of 200-300 pct growth at Dutch rivals like Selekt Mail, a joint venture of Deutsche Post in Holland. According to TPG figures, its two main rivals have only a 2 pct share of Dutch mail volumes.

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TPG improves operating margins across the board

Posted by | Feb 28, 2005 | |

TPG Q4 highlights include: express reaches 10% operating margin for the first time, logistics lifts margin to 4.1%, helped by standardisation programme, Wilson acquisition driving logistics revenue growth, integration is on track, higher growth in European Mail Networks and strong margin in Mail. The full year highlights include strong operating cashflow and net income growth and full year dividend lifted to 57 cents, up from 48 cents last year (subject to approval by the AGM.

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Delivering tough postal competition

Posted by | Feb 16, 2005 | |

Few markets are harder to open than postal services. Slowly but surely, e-mail, regulation, competition and market fragmentation are forcing national operators to rethink their models. Europe’s pace is about to quicken. Denmark will soon announce the winner of a 25 per cent stake in Post Danmark, with Dutch TPG and Germany’s Deutsche Post among contenders. Belgium wants a minority partner to modernise its service: TPG and France’s La Poste are rumoured to be considering bidding jointly. Cross-border consolidation so far has been held back by slow liberalisation and national sensitivity. Austria balked last year at partial privatisation for fear its service would land in German hands. Change has to come. Under EU pressure, the legally permissible monopoly on letters dropped from 350 to 100 grams in 2003 and falls to 50 next year. Markets are supposed to be open completely by 2009, though several may not be ready.

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TPG, France’s La Poste in joint bid for Belgian post stake

Posted by | Feb 13, 2005 | |

Dutch postal group TPG and French state-owned La Poste have formed a consortium to bid for a stake in Belgium’s state-owned postal service, Le Soir newspaper reported on Saturday. Deutsche Post World Net AG and the Swiss and Danish postal services are also potential bidders. The Belgian government will confirm the list of candidates in early March, and hopes to chose the winning bidder by the summer, the newspaper said.

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