TNT release positive Q2 financial results

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TNT has reported second-quarter revenues of approximately €1.8bn (US$2bn), up 6.2% when compared with the same period in 2014. The group has also recorded an operating income of €19m (US$21m), compared with €3m (US$3.3m) in the second quarter of 2014.

During the second quarter, TNT continued to invest in sorting machinery, vehicles and IT. As well as investing in its flagship hub in Liege, Belgium, the company is completing new sorting facilities in Madrid, Spain; Eindhoven, the Netherlands; Swindon, UK; and Brisbane and Melbourne in Australia, all of which will enter operations during the second half of 2015.

Tex Gunning, CEO of TNT, said, “TNT’s turnaround is progressing well under our Outlook strategy. Service levels and customer satisfaction scores further improved. We are achieving good growth in the SME customer segment after years of decline. Operational excellence investments in infrastructure and Global Business Services are being implemented according to plan, and we continue to attract top industry talent.

“We have said that we expect 2015 to be a transition year in terms of bottom-line performance, as we continue to invest in the transformation of TNT. As for the macro-economic backdrop, we have experienced some positive developments in Western Europe, but we remain cautious given the economic volatility in China, Brazil, Australia and Greece. During the quarter, FedEx announced its intention to acquire TNT. The management team believes this is a very positive development for all our stakeholders.”

To read the full financial report from TNT click here.

July 29, 2015

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Helen has worked for UKi Media & Events for nearly a decade. She joined the company as assistant editor on Passenger Terminal World and since progressed to become editor of five publications, covering everything from aviation, logistics and e-commerce to meteorology. She has a love for travel and property and has redeveloped three houses in three years. When she’s not editing magazines, she’s running around after her two boys and their partner in crime, Pete the pug.

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