Tag: Worldwide

Geodis – financial statements 2006

Posted by | Feb 27, 2007 | |

– Revenue up 5.3%
– Operating profit up 25%
– Attributable profit up 50%
– Dividend up 11%
– New ambitions for the period to 2009
The Board of Directors of Geodis, chaired by Pierre Blayau, met on 26 February to approve the 2006 financial statements.

(a) Adjusted in accordance with IAS 8
(b) Like-for-like growth (at constant exchange rates, based on a comparable scope of consolidation and income statement presentation): 4.6%

A robust performance in France combined with sustained growth in Germany, Eastern Europe and Asia fuelled a 5.3% increase in consolidated revenue in 2006. This was the third consecutive year of around 5% revenue growth.

Operating profit rose 24.6% to €106.4 million, representing 2.8% of revenue. Operating profit in France includes the reclassification in operating expense of the €2.0 million standard minimum corporate income tax, as well as the reimbursement of €7.9 million in VAT paid on motorway tolls in prior years.

The Europe region (excluding France) came close to break-even with an operating loss of just €0.5 million, reflecting the ongoing recovery in Italy where operating losses were limited to €3.6 million, and the improved situation in the United Kingdom.

Results in Spain were adversely affected by the problems encountered by the groupage network and by the €4.8 million in impairment charges recognized on intangible assets.

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TNT fourth-quarter update

Posted by | Feb 26, 2007 | |

Dutch mail company TNT NV said on Monday its fourth-quarter operating profit rose 11.3 percent, but its shares fell as some analysts called the 2007 outlook disappointing.

TNT, which sold its logistics and freight management units last year, said earnings before interest and tax (EBIT) rose to 355 million euros (USD465 million), in line with an average forecast of 351 million euros in a Reuters poll of 10 analysts.

TNT group revenue rose 7.6 percent to 2.767 billion euros, compared with an average analyst forecast of 2.81 billion euros.

The company announced a new share buyback of up to 400 million euros which is due to start after a shareholders’ meeting in April and proposed a dividend of 0.73 euros per share, an increase of almost 16 percent, roughly half of which was due to past share buybacks.

TNT shares fell 1.8 percent to 33.69 euros by 1033 GMT. The DJ Stoxx industrials index was up 0.4 percent.

TNT said it expected its mail division to report revenue growth in the mid single-digit percentage range for 2007 and an EBIT margin of around 17 percent, down from 18.7 percent in 2006. Lower-margin mail operations outside of the Netherlands are expected to show 25 percent revenue growth.

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Postal defection

Posted by | Feb 26, 2007 | |

TP is one of the first big customers of Polish Post (PP) to defy the latter’s monopoly by placing a growing number of orders with one of its emerging rivals, Kraków-based InPost.

Although PP will retain a legal monopoly of the z³.2.5-3 billion market for letters of up to 50g until the end of next year, a number of competitors encroach on its business by using disproportionately weighty envelopes.

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UPS, Airbus Revise A380 Agreement

Posted by | Feb 23, 2007 | |

UPS and Airbus signed an agreement yesterday that sets out a timetable for deciding the status of UPS’s order for the freighter version of the A380. The agreement specifies changed delivery dates for the A380F and provides for possible termination of the original purchase agreement by either party later in 2007.
Deliveries of UPS’s first 10 A380s were originally scheduled to begin in 2009 and run through 2012.
“UPS’s decision to purchase the A380 freighter was based on a lengthy evaluation of our future network needs to meet customer demands across a variety of global trade lanes,” said Bob Lekites, UPS’s vice president of Airline and International Operations. “Those needs still exist and UPS has been carefully evaluating various options since Airbus announced production delays late last year. This agreement will provide us additional time to evaluate our network requirements and make a decision once and for all as to how best to ensure service to our customers.”

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Perfect landing by Deutsche Post; EBIT 3.9 billion euros

Posted by | Feb 22, 2007 | |

Deutsche Post World Net completed the business year 2006 according to plan: With a 2.9 percent rise in EBIT to 3.87 billion euros, the Group met the forecast communicated to the capital markets. In the previous year, EBIT totaled 3.76 billion euros. Consolidated revenue grew by 35.8 percent to 60.5 billion euros. In 2005, it amounted to 44.6 billion euros excluding Exel, which was acquired in December of that year.

Deutsche Post World Net’s board of management proposes to increase the dividend for 2006 to 75 cents per share after 70 cents per share in the previous year.

In addition to a major rise in revenue and improved EBIT, the figures for the business year 2006 that were released today showed a decrease in consolidated net income of 14.3 percent to 1.92 billion euros. One reason for this decrease was that the Group reduced its stake in Postbank to 50 percent plus one share during the past year. As a result, a proportionately smaller share of net income is attributable to Deutsche Post stockholders. In 2005, net income after minorities totaled 2.24 billion euros. Earnings per share for the past fiscal year fell 19.6 percent to 1.60 euros. In the previous year, it was 1.99 euros.

Corporate divisions

In spite of competitive and substitution pressures, the traditional corporate division MAIL slightly increased its EBIT for 2006 from 2.03 billion euros in 2005 to 2.05 billion euros. The EXPRESS division is now on the right track following a loss of 23 million euros in 2005 and the now initiated turnaround in the U.S.: In 2006, EBIT totaled 325 million euros. Excluding costs for the new hub in Leipzig, which were moved forward to 2006, the result would have been higher by a mid-double-digit million euro amount. In the LOGISTICS corporate division, EBIT rose to 762 million euros, more than double the level of 346 million euros in 2005. FINANCIAL SERVICES also met the guidance of more than 950 million Euro EBIT. In the previous year, EBIT was 863 million euros.

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