Express
- Strong profitable growth at Express
- Further roll-out of network optimisation
- Improving profitability in emerging platforms
- Master plans in the Netherlands; securing strong cash flow
- Decisions on EMN Germany
- Growing emerging mail and parcels
Group
- Focus on working capital and cash flow
- Developing accelerated profitable growth paths
Before the AGM a number of TNT Post employees have asked attention for the Union position in the context of the CLA negotiations. TNT has issued an extensive press release on this subject on 8 April, which is available on http://group.tnt.com .
As regards the first quarter of 2008, TNT will give an update on developments in the company's business. The underlying business in Q1 2008, taking into account the influence of phasing of the public holidays and the fewer working days, developed broadly in line with the outlook given on 18 February 2008.
Express volume growth in Q1 2008, corrected for the impact of fewer working days, was in line with the volume growth in Q4 2007, as previously announced. The yield, as a measure of the price development, was higher than in both Q1 and Q4 2007. Timing of Easter, this year in Q1 and last year in Q2, has impacted operating income with comparable effects as in previous years. This impact should be reversed in Q2 2008.
Developments in the Mail division are also broadly in line with the outlook provided on 18 February. TNT again confirms the target of €110 million master plan savings to be realised in 2008/2009 through efficiency measures.
TNT will finalise its current share buyback programme of up to €500 million, as announced earlier, by the middle of 2008. The remaining €200 million will be realised in the next few months.
TNT will publish its 2008 first quarter results on 28 April. As usual, on the publication of the quarterly figures TNT will also give an update on the outlook for the current year. Developments so far are in line with the outlook given on 18 February.
After the Annual General Meeting of Shareholders TNT will publish a short press release on the decisions taken and appointments announced.
In the event of any conflict or discrepancy between this press release and the original Dutch version of this press release, the Dutch version prevails.
About TNT
TNT provides businesses and consumers worldwide with an extensive range of services for their mail and express delivery needs. Headquartered in the Netherlands, TNT offers efficient network infrastructures in Europe and Asia and is expanding operations worldwide to maximize its network performance. TNT serves more than 200 countries and employs more than 161,500 people. Over 2007, TNT reported €11 billion in revenues and an operating income of €1,192 million. TNT is publicly listed on the stock exchange of Amsterdam. TNT recognises its social responsibility, and has formed partnerships with the United Nations World Food Programme and the United Nations Environment Programme to fight hunger and pollution in the world.
