TNT express strategic restructuring plan success

Despite the recent disclosure of financial report showed business profits and revenues have declined, but TNT express CEO Kang Ningde on the company's first quarter 2014 operating performance is very satisfactory.
Thanks to the strategic restructuring plan, TNT express a quarter to achieve cost savings of 30000000 euros. In addition, the currency fluctuations also affects the operating profit this year, by 219000000 in the same period last year the euro fell to 17000000 euros.
The first quarter revenue fell 6.6% over the same period, to 1610000000 euros, including the main influence factors: termination of the Italy market non-profit business, missed a fashion logistics contracts in the UK, currency fluctuations. Besides the one-off effect, after the adjustment of the business income of only 2.8% lower than a year earlier, to 1670000000 euros, adjusted operating profit increased by 21000000 to 51000000 euros.
TNT said the courier company, achieve better development market in Europe and America market, in Africa, Middle East and Asian markets also create higher profits, but in the Pacific business development is still facing severe challenges.
A quarter, the European market adjusted operating income fell 3.1% to 790000000 euros, but adjusted operating profit grew 31%, achieve 38000000 euro. 6.2% growth in other parts of Europe and America market adjusted operating income, up to 291000000 euros, adjusted operating profit nearly doubled, to 17000000 euros. Africa, Middle East and Asia market adjusted operating income decreased by 18.3%, but profit is the loss of 5000000 euros, turned a profit of 7000000 euros. After the adjustment of the business income of the Pacific region fell 1%, business losses from Euro 2000000 and further increased to 3000000 euros.
MYEX Minya Express International
2014-05-21