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4-Traders Homepage  >  Shares  >  Euronext Amsterdam  >  TNT EXPRESS    TNTE   NL0009739424

TNT EXPRESS (TNTE)

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Real-time Quote. Real-time Tradegate - 07/03 06:28:42 am
7.644 EUR   -0.07%
07/01DJUPS, FedEx Move Full Speed Ahead in Europe
07/01DJFedEx Sends European Filings Concerning TNT Express -- Market Tal..
07/01DJUPS, FedEx Move Full Speed Ahead in Europe
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TNT Express 1Q Net Profit EUR16 Million, Timetable For UPS Offer Unchanged

05/02/2012 | 02:40am US/Eastern

Dutch package company TNT Express NV (>> TNT EXPRESS) Wednesday said it swung to a first quarter net profit due to lower write-downs and indicated that the timetable for completion of the proposed takeover offer from United Parcel Service Inc. (UPS) remained unchanged.

MAIN FACTS:

- Reported revenues EUR1.819 billion, up 1.3% compared to EUR1.796 billion a year ago

- Net profit for the first quarter was EUR16 million, compared to a EUR106 million net loss in the first quarter of 2011

- Operating income for the first quarter rose to EUR37 million, from an operating loss of EUR79 million a year ago

- Depreciation, amortisation and impairments decreased to EUR48 million, from EUR175 million

- Timetable for completion of proposed UPS offer proceeding as previously indicated

- 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

- By Amsterdam Bureau, Dow Jones Newswires; amsterdam@dowjones.com

Stocks mentioned in the article : TNT EXPRESS
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