Jump to content
House Price Crash Forum
Sign in to follow this  

Tnt Blames Deepening Eurozone Woes For Profit Warning

Recommended Posts


TNT Express, the Dutch delivery service, has issued a profit warning, blaming worsening trading conditions in Europe for scrapping its previous guidance to investors.

The business-to-business delivery service has been squeezed by the continuing eurozone woes, particularly in Italy, one of its five biggest markets.

Its warning follows a survey of eurozone business activity that showed companies cutting prices as business activity grew at its slowest pace this year.

Business for TNT has been slower than expected and customers have opted for cheaper, slower delivery options. TNT also faces stiff competition in Germany and the UK which has partly offset stronger economic growth in those countries to date.


TNT said its forecast of an 8% operating margin in 2015 was based on Europe’s economy expanding between 2% and 3% annually. In July, the IMF maintained its forecast for eurozone growth of 1.1% for this year as it revised down its outlook for the global economy.

Well naturally if the economy grows there will be increased demand for parcels etc.....

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   211 members have voted

    1. 1. Which of the Prime Minister's options would you choose?

      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.