Tnt Express (EU:TNTE)
Historical Stock Chart
2 Years : From May 2011 to May 2013
 Dutch package company TNT Express NV (TNTE.AE) 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
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