TNT brushes Q2 loss aside as it focuses on investment before takeover by Fedex

27/07/2015

Dutch express operator TNT today reported a second-quarter net loss of €1m, despite seeing revenue for the period increase by 6.2% year-on-year, while operating profit fell due to investment in its Outlook transformation programme.

The company, which remains subject to an “intended” $5bn takeover by US rival FedEx, posted Q2 revenue of €1.76bn, while operating profit was €41m, a decrease of 41% on the €70m posted in Q2 2014.

TNT chief financial officer Maarten de Vries said the revenue growth had been ...