Home / Knowledge / News / Apparel/Garments / TNT puts up robust Q2 performance

TNT puts up robust Q2 performance

31
Jul '06
Outlook adjusted upwards

- 10.7% operating income growth in the second quarter
- Revenue growth in all business segments
- All time record high margin in Express of 10.4%
- Strong 21.2% Mail margin, partially supported by one-off items

- Earnings per share from continuing operations up 13.4% to 50 cents

- Full year outlook adjusted upwards

- Mail operating margin increase from around 18.0% to around 18.5%

- Express operating margin expected at the high end of 9.0%-9.5% range

- Signing of the Logistics sale is now expected to take place during the third quarter

CEO Peter Bakker: "I am very satisfied with our strong performance in Q2 and the first half of 2006. Our 'Focus on Networks' strategy is delivering strong growth and record margins in Express, and robust performance in Mail.

Based on the strong start to the year, I am pleased that we can upgrade our outlook for 2006. Also, the signing of the Logistics divestment should take place before the end of the third quarter. All-in-all, 2006 is expected to be a strong year for TNT."

TNT N.V. 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 networkperformance.


Must ReadView All

Pic: Shutterstock

Textiles | On 13th Apr 2021

Indonesia's textiles industry gears up for Industry 4.0

Indonesia's textiles industry, among others, is getting ready to...

Pic: Azamat Imanaliev / Shutterstock.com

Apparel/Garments | On 13th Apr 2021

Output & profit of Chinese garment firms rise in Jan-Feb '21

Showing further recovery, garment enterprises in China saw their...

Pic: Shutterstock

Apparel/Garments | On 13th Apr 2021

Increasing scrutiny to create challenges for apparel industry: Moody's

Apparel production practices have a significant impact on the...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Textile Industry, Head honchos

Textile Industry
Head honchos

The pandemic has reinstated need for organised retail spaces in Tier II...

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Prakhar Singh,

Prakhar Singh

Morgan Tecnica offers the largest and most modern range of solutions for...

Tony Naschberger,

Tony Naschberger

With production sites in Klagenfurt and Kufstein, Zimmer Austria is a...

Ujjval Saraf,

Ujjval Saraf

Founded by Jimmy Lai, Giordano International Ltd, a Hong Kong based...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search