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
