TNT books large loss in second quarter

Express delivery firm TNT booked a loss of €303m, compared with profit of €38m in the year-earlier period.

The company was forced to write off €349m, mainly because its southern Europe business lost value due to the poor market situation for package delivery.

Turnover dropped 3% to €1.7bn.

TNT said in a statement it expects the rest of the year to remain difficult, particularly in Europe where prices are under pressure.



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