Stay informed about all the latest TNT news in Liege and worldwide.
29 April 2013 08:00 CET
1Q13 results: Deliver! implementation underway; European performance continued under pressure
- Reported revenues €1,666m (-4.5%); reported operating income €231m (includes €200m termination fee received from UPS) (1Q12: €54m)
- Adjusted revenues (at constant FX) €1,676m (-3.9%); adjusted operating income (at constant FX and excluding one-offs) €38m (1Q12: €54m)
- Net cash from operating activities €167m, net cash used in investing activities €28m and net cash €280m (1Q12: €36m net debt)
- Cost savings programmes announced last year continued to support profitability in all reporting segments
- Deliver! profit improvement programme implementation started; first milestones realised
- Brazil Domestic accounted as discontinued operation; China Domestic as asset held for sale [*]
- New organisational structure will become basis for reporting starting 2Q13
[*] For information on Brazil Domestic and China Domestic, refer to note 4 of the interim financial statements
The full press release is available here.
10 April 2013 15:30 CET
Annual General Meeting of Shareholders: Tex Gunning appointed CEO of TNT Express
TNT Express NV announces that the Annual General Meeting of Shareholders (AGM) held today appointed Mr Tex Gunning as an additional member of the Executive Board of TNT Express in the position of CEO, with effect 1 June 2013.
The full press release is available here.
28 March 2013 08:00 CET
TNT Express sells domestic road business in China; focus on growing successful China international express business
TNT Express today announces the sale of its domestic road operations in China (Hoau) to private equity funds under the management of CITIC PE. This transaction follows on from TNT Express’ previously announced intention to explore partnership opportunities for its domestic activities in China.
The full press release is available here.
25 March 2013 08:00 CET
TNT Express presents comprehensive profit improvement plan
TNT Express today presents the details of its updated strategy, called “Deliver!”, to improve profitability between now and 2015.
Faced with challenging trading conditions and continuing price
pressure, TNT Express will carry out an extensive set of measures to
better leverage its unique competitive position, particularly in Europe,
and operate its business more efficiently. The strategy is built around
four priorities:
- 1) Reshaping the portfolio through the sale of China and Brazil Domestic and reducing exposure to fixed intercontinental air capacity
- 2) Focusing on TNT Express’ distinctive service proposition and increasing growth in its most profitable segments
- 3) Enhancing execution through a leaner organisation and cost efficiencies generating improvements of €220m by 2015
- 4) Investing in infrastructure and in business supporting and customer IT
The full press release is available here.
25 February 2013 07:30 CET
TNT Express publishes AGM agenda
TNT Express N.V. has today published the agenda of its Annual General Meeting of Shareholders. As part of the agenda, TNT Express is proposing the appointment of Mr Tex Gunning as an additional member of the Executive Board in the position of CEO, and Mr Sjoerd Vollebregt as an additional independent member of the Supervisory Board.
The full press release is available here.
25 February 2013 07:30 CET
Executive Board announced: Tex Gunning CEO and Bernard Bot CFO
The Supervisory Board of TNT Express has today announced the appointment of Tex Gunning as CEO, pending shareholder approval, with effect 1 June 2013. Bernard Bot will remain in his Executive Board position of CFO. Jeroen Seyger, currently interim CFO, will continue in a senior Finance function in the company.
The full press release is available here.
18 February 2012 08:00 CET
4Q12 results: European performance subdued, Asia Pacific improves
- Reported revenues €1,864m (-0.5%); reported operating income €(71)m (4Q11: €(104)m)
- Adjusted revenues (at constant FX) €1,835m (-2.0%); adjusted operating income (at constant FX and excluding one-offs) €47m (4Q11: €58m)
- Net cash from operating activities €168m, net cash used in investing activities €66m and net cash €139m (4Q11: €7m net debt)
- €50m indirect cost savings programme launched in May 2011 fully realised; nearly two thirds of re-scoped €100m further cost savings programme realised in 2012
- €120m business one-offs, including China and India Domestic impairments and value adjustment of 747s
- Proposed pro forma dividend of €0.03, in line with dividend guideline
The full press release is available here.
14 January 2013 08:00 CET
UPS anticipates prohibition of merger – TNT Express to focus on execution of strategy
On 11 January 2013, TNT Express and UPS met with the European Commission’s (EC) case team investigating the proposed acquisition of TNT Express by UPS. The case team informed the companies that on the basis of UPS’s current remedy proposal it is working towards proposing a prohibition decision.
The full press release is available here.
30 November 2012 07:00 CET
UPS and TNT Express announce remedies have been submitted to the European Commission
Atlanta, GA, U.S.A. / Hoofddorp, Netherlands, 30 November, 2012 – United Parcel Service, Inc. ("UPS”) (NYSE: UPS) and TNT Express N.V. (“TNT Express") (NYSE Euronext: TNTE) today announced, in line with Dutch disclosure requirements, that remedies have been submitted to obtain competition clearance from the European Commission (EC) for the acquisition of TNT Express by UPS. The offer of remedies does not change the terms and conditions of the Offer by UPS for TNT Express.
The full press release is available here.
16 November 2012 08:00 CET
TNT Express announces conditional sale of airlines to ASL Aviation Group
TNT Express N.V. (TNT Express) today announces the conditional sale of 100% of the equity interest in TNT Airways SA (TAY) and Pan Air Lineas Areas SA (PNR) to ASL Aviation Group. The transfer is conditional on and will become effective immediately prior to completion of the proposed UPS-TNT Express merger.
The full press release is available here.
31 October 2012 21:25 CET
UPS Public Offer for TNT Express – Extension of Offer Period
United Parcel Service, Inc. (UPS) and TNT Express N.V. (TNT Express) today announced The Netherlands Authority for the Financial Markets (AFM) has granted an exemption to extend the Offer Period for the proposed acquisition of TNT Express.
The full press release is available here.
29 October 2012 08:00 CET
3Q12 results: Trading conditions remain challenging, better performance Asia Pacific and Americas
- Reported revenues €1,814m (+2.1%); adjusted revenues (at constant FX) €1,744m (-1.9%)
- Reported operating income €46m (+43.8%); adjusted operating income (at constant FX and excluding one-offs) €38m (-11.6%)
- Solid cash performance resulted in €36m net cash (2Q12: €6m net cash)
- Asia Pacific and Americas performed better, Europe & MEA lower
UPS Offer
- UPS and TNT Express preparing response to European Commission’s Statement of Objections; open and constructive dialogue continues
- Second Offer period ends 9 November 2012; UPS to extend Offer period if exemption granted by AFM or, if not granted, promptly launch new public offer on the same terms and conditions
- Transaction expected to complete in early 2013
The full press release is available here.
19 October 2012 19:25 CET
United Parcel Service and TNT Express receive Statement of Objections
Atlanta, GA / Hoofddorp, 19 October, 2012 -- United Parcel Service, Inc. (NYSE: UPS) and TNT Express N.V. (NYSE Euronext: TNTE) confirmed today they have received a Statement of Objections (SO) from the European Commission (EC). The SO addresses the competitive effects of the intended merger on the international express small package market in Europe. The competitive effects will be further defined as the process continues.
The full press release is available here.
8 October 2012 08:00 CET
TNT Express appoints Jeroen Seyger as interim CFO
Hoofddorp, 8 October 2012. TNT Express N.V. today announced that Jeroen Seyger has been appointed as interim Chief Financial Officer (CFO) and interim member of the Executive Board. Jeroen has taken over the CFO responsibilities from Bernard Bot, who was appointed interim CEO on 24 September 2012.
The full press release is available here.
24 September 2012 08:00 CET
TNT Express CEO Marie-Christine Lombard resigns – Bernard Bot interim CEO
Hoofddorp, 24 September 2012. The Supervisory Board of TNT Express today announced that Marie-Christine Lombard, CEO of TNT Express, has tendered her resignation, which was accepted by the Supervisory Board, to pursue an external career opportunity. She will leave the company by the end of September.
The full press release is available here.
20 September 2012 08:30 CET
TNT Express expands Europe road coverage with new service to Montenegro
TNT Express has further
extended its road delivery network in Europe with a new service to and
from Montenegro. Following the recent addition of Albania, Macedonia,
Belarus and Moldova, this expansion gives TNT Express a road network
coverage of 40 European countries.
The full press release is available here.
5 September 2012 17:30 CET
UPS Public Offer for TNT Express – Offer Period
extended until 9 November 2012; EU Competition Review Extended, Moves
Completion Date
Atlanta and Hoofddorp, 5 September, 2012: United
Parcel Service (UPS) today confirmed that the Offer Period for its
public Offer for TNT Express N.V. (TNT Express) is extended to 9
November 2012, as previously indicated on 22 August 2012 and in
accordance with the terms and conditions set out in the Offer Memorandum
dated 21 June 2012. This confirmation is formally required pursuant to
Articles 15 and 16 of the Decree.
The full press release is available here.
22 August 2012 07:30 CET
UPS Public Offer for TNT Express – Extension of Offer Period
Atlanta and Hoofddorp, 22 August, 2012: United
Parcel Service, Inc. (UPS) today announced the Offer Period for UPS’s
public Offer for TNT Express N.V. (TNT Express), after its initial
expiry on 31 August 2012, will be extended until 9 November 2012. UPS
will formally confirm the extension of the Offer Period through a
regulatory announcement on 5 September 2012.
The full press release is available here.
6 August 2012 16:15 CET
Extraordinary General Meeting of Shareholders – Overview and resolutions
TNT Express N.V. announces
that the Extraordinary General Meeting of Shareholders (EGM) held today
discussed the public offer by UPS BidCo B.V., an indirectly wholly-owned
subsidiary of United Parcel Service, Inc., on all issued and
outstanding ordinary shares and all issued and outstanding American
depositary shares in the capital of TNT Express N.V.
The full press release is available here.
30 July 2012 19:15 CET
HY2012 compliance statement
Hoofddorp, The Netherlands,
With respect to the publication of its 2Q12 results, TNT Express N.V. refers to the HY2012 compliance statement as published on its website.
The full press release is available here.
30 July 2012 08:00 CET
1Q12 results: Subdued European performance, Asia Pacific and Brazil improve
- Reported revenues €1,830m (+1.7%); adjusted revenues (at constant FX) €1,767m (-1.8%)
- Reported operating income €77m (+67.4%); adjusted operating income (at constant FX and excluding one-offs) €69m (-6.8%)
- Net cash from operating activities €39m, net cash used in investing activities €10m; net debt €(6)m (1Q12: €36m net debt)
- €50m indirect cost savings programme to be fully implemented by year end
- Europe & MEA additional fixed-cost savings being pursued;
timing of implementation temporarily adjusted in light of UPS Offer
- UPS Offer expected to complete in 4Q12, following further European Commission review
The full press release is available here.
13 July 2012 22:30 CET
UPS and TNT Express acquisition expected to be completed in fourth quarter 2012
Atlanta and Hoofddorp, 13 July, 2012: The European Commission’s
review of United Parcel Service Inc.’s (UPS) proposed acquisition of TNT
Express N.V. (TNT Express) is expected to move to a Phase II review, as
there are certain areas that require more time to analyze.
The full press release is available here.
21 June 2012 07:05 CET
Extraordinary General Meeting of Shareholders
On 21 June 2012, TNT Express N.V. published the Agenda of the
Extraordinary General Meeting of Shareholders to be held on 6 August
2012 to discuss the recommended public offer of €9.50 per ordinary share
by United Parcel Service, Inc. for TNT Express, as announced today.
The full press release is available here.
21 June 2012 07:00 CET
Recommended public cash offer by UPS for all issued and outstanding shares of TNT Express
This is a
joint press release by United Parcel Service, Inc. and TNT Express N.V.,
pursuant to the provisions of Article 10, paragraph 3 and Section 18
paragraph 3 of the Decree on public offers Wft (Besluit Openbare Biedingen Wft, the Decree)
in connection with the recommended public offer by United Parcel
Service, Inc. for all the issued and outstanding ordinary shares in the
capital of TNT Express N.V. This announcement does not constitute an
offer, or any solicitation of any offer, to buy or subscribe for any
securities in TNT Express N.V. Any offer will be made only by means of
the Offer Memorandum (as defined below). This announcement is not for
release, publication or distribution, in whole or in part, in or into
directly or indirectly Canada or Japan. Terms not defined in this press
release will have the meaning as set forth in the Offer Memorandum.
The full press release is available
here.
3 May 2012 08:30 CET
Announcement conversion rate final dividend 2011
On 11 April 2012, the Annual General Meeting established the final
dividend over 2011 at € 0.004 per ordinary share. The final dividend is
payable, at the shareholder’s election, either wholly in ordinary shares
or wholly in cash.
The full press release is available here.
2 May 2012 08:00 CET
1Q12 results: Subdued European performance, Asia Pacific and Brazil improve
- Timetable for completion of proposed UPS offer proceeding as previously indicated
- Reported revenues €1,819m (+1.3%); adjusted revenues (at constant FX) €1,780m (-0.9%)
- Reported operating income €37m (1Q11: €(79)m); adjusted operating
income (at constant FX and excluding one-offs) €34m (1Q11: €50m)
- Net cash from operating activities €(2)m, net cash used in investing activities €13m and net debt €36m (4Q11: €7m net debt)
- Indirect cost savings programme launched in May 2011 on track
- Timing of implementation of certain long-term projects that are
part of 2012-2013 fixed-cost savings programme temporarily adjusted in
light of the proposed UPS offer
The full press release is available here.
17 April 2012 09:45 CET
TNT Express wins Franz Edelman Award
TNT Express was yesterday awarded the 2012 Franz Edelman Award
for its "Global Optimisation" program (GO), which uses advanced
operations research methods to optimise the company’s transport network.
TNT received the award from the Institute for Operations Research and
the Management Sciences (INFORMS®) in Huntington Beach, California.
The full press release is available here.
11 April 2012 16:50 CET
Annual General Meeting of Shareholders - Resolutions
TNT Express NV
announces that the Annual General Meeting of Shareholders (AGM) held
today adopted the 2011 financial statements and determined the 2011
dividend at € 4.4 cents per ordinary share. After adjusting for the
interim dividend of €4.0 cents per ordinary share paid out in August
2011, the final dividend will be €0.4 cents per ordinary share.
The full press release is available here.
19 March 2012 07:00 CET
United Parcel Service and TNT Express to create a global leader in the logistics industry
This
is a joint press release by United Parcel Service, Inc. and TNT Express
N.V., pursuant to the provisions of Section 4 Paragraph 3 and Section 6
Paragraph 1 of the Decree on Public Takeover Bids (Besluit Openbare
Biedingen Wft) in connection with the intended public offer by United
Parcel Service, Inc. or a wholly owned subsidiary of United Parcel
Service, Inc. for all the issued and outstanding ordinary shares in the
capital of TNT Express N.V. This announcement does not constitute an
offer, or any solicitation of any offer, to buy or subscribe for any
securities in TNT Express N.V. Any offer will be made only by means of
an offer memorandum. This announcement is not for release, publication
or distribution, in whole or in part, in or into, directly or
indirectly, Australia, Canada or Japan.
The full press release is available here.
8 March 2012 08:30 CET
TNT Airways and Emirates SkyCargo sign code-share agreement
TNT Express' airline subsidiary, TNT Airways, and Emirates SkyCargo expand their cooperation by signing a code-share and blocked-space agreement. Under the agreement, Emirates SkyCargo will place its airline code and use space on TNT Airways' B777 freighter flights on the New York JFK to Liege and Hong Kong-Dubai-Liege routes.
21 February 2012 08:00 CET
TNT Express 4Q11 and Full Year 2011 Results
NEW STRATEGY: BUILDING ON STRENGTHS
Profitable growth to be achieved by focusing on Europe and connecting the rest of the world
Attractive European growth opportunities based on unrivalled networks and geographic footprint
Optimisation programme in Europe & MEA targeting €150m fixed cost reduction by end of 2013
Partnerships opportunities for domestic activities in Brazil (TNT Merçurio) and China (Hoau) to be explored
The full press release is available here.
17 February 2012 at 17:35 CET
TNT Express N.V. received unsolicited offer
TNT Express N.V. announces that it has received an unsolicited non-binding and conditional proposal from United Parcel Service, Inc. (UPS) for the acquisition of the whole of the issued capital of TNT Express at an indicative price of € 9 per ordinary share.
The full press release is available here.
30 January 2012 at 10:00 CET
TNT Express launches PharmaSafe, the all-in-one transport
solution for temperature sensitive pharmaceuticals
TNT Express launches PharmaSafe, a specialised temperature-controlled
service for the reliable transport of large quantities of pharmaceutical products, such as
vaccines and insulin.
30 November 2011 at 09:00 CET
TNT Express improves Sub-Saharan Africa network with new associate
TNT Express has appointed Getma as new associate in eight Sub-Saharan African countries as part of a plan to improve its network capabilities, service and market share in the region. Getma, a subsidiary of the French transport and logistics group NCT Necotrans, will handle the collection and delivery of imports and exports for TNT Express in Mali, Togo, Benin, Ivory Coast, Chad, Niger, Equatorial Guinea and Angola. The partnership will be effective in all eight countries by the end of Q1 2012.
The full press release is available here.
10 November 2011 at 11:00 CET
TNT Airways know-how for racing cars
On 8th November 211 TNT Airways has one more time successfully meet the requirements of its customer in carrying racing cars to Macao with one of its B747-400.
The aircraft has been safely loaded in less than 2 hours by the fully trained staff of TNT Airport Services, the TNT Airways ground handling department.
31 October 2011 at 8:00 CET
3Q11 results: Europe resilient, focus on recovering profitability Asia-Pacific and Americas
The 3Q11 revenue development reflects the combination of muted growth in EMEA, continuing growth in Asia Pacific and lower revenues in Americas (Brazil). Year on year, operating income was down mostly because of larger losses in Americas (Brazil) and in Asia-Pacific. Non-allocated was positive as a result of lower overhead and project-related costs, charge out to business units and beneficial phasing of certain costs.
The full press release is available here.
19 October 2011 at 11:00 CET
TNT Express wins Cisco Award for Innovative Services in Transport
TNT Express today received the 2011 Smart Services Award from Cisco, a leader in the development of Internet Protocol (IP)-based networking technologies, during a ceremony in Singapore. TNT Express was awarded the prestigious recognition for providing Cisco with real time visibility of all their transportation flows across the Asia Pacific through the implementation of a regional "control tower" based in Beijing, China. A control tower is a tailored bundle of information services used to manage and monitor a customer’s supply chain.
"This award recognizes TNT’s contribution for their forward thinking and outstanding operational excellence. TNT has enabled proactive and personalized services to customers and used technological innovation to transform the business", said Karen McFadzen, Vice President of Cisco Technical Services Asia Pacific, Japan and Greater China.
The full press release is available here.
8 August 2011 at 11:00 CET
TNT Express airlifts 45 tons of food aid for Somalia
TNT Express today uplifted 45 tons of emergency food aid to Nairobi, Kenya, to help the United Nations World Food Programme (WFP) feed thousands of children in neighboring Somalia. A Boeing 767 aircraft containing more than 3,000 boxes of supplementary plumpy, a nutrition product for malnourished children, took off today at 10.30am CET from TNT’s hub in Liege, Belgium. The plane is expected to land in Nairobi today at around 7pm CET. The aid arriving in Kenya will be moved later to the affected areas in Somalia for distribution.
The full press release is available here.
1 August 2011 at 8:00 CET
Second quarter 2011: Newly listed TNT Express reports stronger EMEA profitability
- Reported revenues €1,800m (+0.9%); adjusted revenues (at constant rates of FX) €1,835m (+2.9%)
- Reported operating income €46m (-23.3%); adjusted operating income (at constant rates of FX and excluding business and demerger-related one-offs) €79m (-8.1%)
- Due to strong EMEA performance, aggregate adjusted operating income excluding Americas was +12.0%
- Brazil turnaround on track to meet 2H12 deadline, though short term challenging
- Net cash from operating activities €49m and net cash used in investing activities €39m
- Net debt €107m
- Interim 2011 dividend of €0.04/share declared – represents 43% of 1H11 normalised net income and shareholders can choose to receive the dividend in stock or cash
- Implementation of ~ €50m indirect cost savings programme started
The full press release is available here.
8 June 2011 at 8:30 CET
TNT Express launches dedicated freighter service between India and Europe
TNT Express has launched a dedicated B767 freighter service between India and Europe, the country’s largest trade partner. The service will run five times a week between New Delhi and TNT’s European air hub in Belgium, with a stopover in Dubai on the way back to India. The new service will enable TNT Express customers to enjoy faster transit times, as well as improved control and visibility over shipments moving between India and Europe.
The full press release is available here.
31 May 2011 at 8.00 CET - Amsterdam
Demerger effective
TNT Express N.V. announces that the demerger from TNT N.V. became effective immediately after 0.00 CET this morning. In addition, the deed by which the listed company TNT Express N.V. is merged with TNT Express Holdco B.V. and PostNL is allotted 29.9% of the ordinary shares of TNT Express N.V. has been executed. The merger will be effective immediately after 0.00 CET tonight.
The full press release is available at here.
12 November 2010 at 10:00 CET
TNT Express steps up security measures
TNT Express is taking a series of additional measures to protect its
customers and their consignments as well as its employees and networks from the threat of
bomb-parcels.
28 October 2010 at 11:00 CET
TNT Euro Hub obtient le statut d’Opérateur Economique Autorisé (Authorised Economic Operator) pour ses procédures douanières
TNT Euro Hub confirme avoir obtenu de la Direction Générale des Douanes Belges le double certificat d’Opérateur Economique Agré (AEO) à la fois pour la simplification de ses procédures douanières et pour la sécurité de ses processus. L’acquisition de ce statut démontre également une étroite et fructueuse collaboration avec les services de la douane belge.
26 October 2010 at 11:00 CET
TNT lance la première liaison de fret entre Chongqing et l’Europe
Cette nouvelle liaison répondra à la demande croissante des clients du secteur de la haute
technologie de l’ouest de la Chine.
18 October 2010 at 11:00 CET
TNT ships 110 tonnes of food aid to Pakistan
Allowing to feed around 330,000 infants for a week
18 October 2010 at 11:00 CET
TNT Airways to introduce Boeing 777 to its fleet by 2011
TNT Airways and Guggenheim Aviation Partners, LLC
have signed an agreement for the delivery and lease of three new Boeing 777-200 Long Ranger Freighter.
21 September 2010 at 11:00 CET
Atlas Air, Inc. Enters into New ACMI Contract with TNT Airways
Company to Provide 747-400 Service for TNT’s Long-Haul Network
9 September 2010 at 16:00 CET
TNT again awarded global "Supersector leader' in the Dow Jones Sustainability Indexes
TNT was again awarded 'Supersector leader' for 'Industrial Goods and Services' (including Industrial Transportation) of the 2010 Dow Jones Sustainability Indexes (DJSI).
2 August 2010 at 08:00 CET
TNT Q2 and HY 2010 Results Press Release
TNT N.V. has published its Q2 & HY 2010 Results.
15 July 2010 at 10:00 CET
TNT Global Air Network launches its new web site
Liege - TNT Global Air Network announces the launch of its new web site (French press release)
5 July 2010 at 09:00 CET
TNT increases express capacity between Asia and Europe
Amsterdam, Shanghai – TNT is increasing its air freight capacity between China and Europe to meet growing demand. Starting this 5 July, the company is scheduling an additional Boeing 747-400 ERF aircraft between China and its European air hub in Liege, Belgium (as announced on 8 April 2010). TNT will increase its service frequency to six flights per week from Shanghai and five flights per week from Hong Kong. TNT is responding to the stronger demand in China for its air services, especially from the high-tech and fashion industries.
17 May 2010 at 09:00 CET
TNT launches Moscow-Liege service
Amsterdam - TNT Express today launches a five day per week air cargo service linking Moscow and its European Air Hub in Liege, via Warsaw. The new route, operated by a B737-300 provinding 16 tonnes of capacity, will secure and speed up the expedition of time-critical shipments to and from Russia. Examples inclide automotive parts, clinical supplies and biological samples, such as blood and human tissues.
3 May 2010 at 08:00 CET
Overall trading conditions continue to improve
TNT N.V. has published its Q1 2010 results.