Dutch post and delivery group TNT said on Monday operating profit had fallen 2.1% in the second quarter to €330m. Turnover was in line with analysts estimates of around €2.7bn, while net profit was higher at €244m.
CEO Peter Bakker said he was ‘generally pleased’ with the figures.
TNT is in the process of a large-scale reorganisation of its Dutch operations, in which thousands of jobs are set to go. The company faces growing competition from new players on the market who use cut-price delivery staff.
Thank you for donating to DutchNews.nl.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.Make a donation