TNT earnings down to €99m in third quarter

Post and packaging company TNT booked net profit of €99m in the third quarter of 2009, down 12.4% on a year ago.

It is the fifth quarterly earnings decline in a row for TNT, but above analysts forecasts.
Turnover was down 7.6% at €2.48bn.
‘TNT is optimally positioned to take advantage of a possible economic upturn but also needs to be prepared for continued harsh economic conditions and therefore remains focused on achieving its aggressive cost and cash control targets,’ CEO Pete Bakker said in a statement.

Thank you for donating to

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