Arab Today, arab today dutch delivery service tnt express issues profit warning
Last Updated : GMT 06:51:35
Arab Today, arab today
Arab Today, arab today

Dutch delivery service TNT Express issues profit warning

Arab Today, arab today

Arab Today, arab today Dutch delivery service TNT Express issues profit warning

TNT Express chief executive Marie-Christine
The Hague - AFP

TNT Express shares slumped almost 11 percent on Wednesday after the Dutch courier company warned it is unlikely to meet its full-year targets due to weak growth in Europe and the US.
TNT said it was "no longer prudent to maintain our 2015 guidance -- which assumed an economic growth rate in Europe of between 2 and 3 percent -- of an adjusted operating margin of 8 percent" for Europe and the Americas.
The news sent its shares tumbling 10.5 percent to 5.03 euros on the Amsterdam stock exchange.
TNT also warned it was making a provision of 50 million euros ($64 million) to pay a fine resulting from a French probe into alleged anti-competitive behaviour.
Concerns have been mounting about weak economic growth in the EU, with a key survey on Tuesday showing business activity in the 18-nation eurozone slowed this month.
"Overall trading conditions in Europe have deteriorated further and competitive pressures have increased," the company said in a statement.
TNT said in July it was under investigation by the French Competition Authorities (FCA) and that it had cooperated with the probe involving several French and foreign delivery companies since it began in 2010.
"TNT is now entering into a settlement with the FCA with respect to the investigation of alleged anti-competitive behaviour in the French parcels delivery sector," the courier said.
The size of the fine is not expected to be known before the end of 2015 and so TNT "will be making a financial provision of 50 million euros in the third quarter".
TNT Express operates in more than 200 countries and maintains a leading role in the road freight network in Europe. It currently employs some 65,000 people.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dutch delivery service tnt express issues profit warning Arab Today, arab today dutch delivery service tnt express issues profit warning

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dutch delivery service tnt express issues profit warning Arab Today, arab today dutch delivery service tnt express issues profit warning

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday