Tnt Company Report
Executive Summary
TNT N.V. is one of four leading worldwide mail and express delivery companies with a 9% market share of the big four companies and a turnover of continuing business of 10.105 million in 2005 and profit after interest and taxes of 772 million.
TNT N.V. decided in 2005 to dispose of its logistics division which accounted in 2005 for additional 3.542 million and a loss of 111 million.
TNT N.V. 's profit, liquidity and efficiency are stable and around industry average but still leave room for improvement.
TNT N.V. financial gearing is low compared to its competitors. The company could make better use of long-term debt opportunities.
TNT N.V. developed strongly on the stock market in 2005 and outperformed its competitors in terms of share price increase.
TNT N.V. is strong on dividends but lacks strength in some areas of stock price performance ratios as earnings per share.
TNT N.V. 's annual report 2005 is strong on adoption of IFRS, outlining of business held for sale and management remuneration but could be improved on clarity and detail in other areas than those mentioned.
Table of Contents
Executive Summary II
Table of Contents 3
1 Introduction 4
2 The Company 5
3 The Literature Search 6
4 The Data and its Analysis 7
4.1 Profitability 7
4.2 Efficiency 8
4.3 Liquidity 9
4.4 Financial gearing 9
4.5 Investment ratios and stock market performance 10
4.6 The position of TNT compared to its peer competitors 11
Turnover 11
Stock performance 12
About TNT 's company report 2005 13
5 Conclusion and Recommendations 15
Appendix A 17
Bibliography 17
Appendix B 19
Plagiarism Statement 21 1 Introduction
A Dutch company, determined to conquer the world. As if they inherited the trading spirit of their V.O.C. ancestors in the Golden Century. Is that a fair view? That is what this report investigates. Is TNT a financially healthy company? Is TNT following the right strategy? Is TNT successful in the delivery
TNT N.V. is one of four leading worldwide mail and express delivery companies with a 9% market share of the big four companies and a turnover of continuing business of 10.105 million in 2005 and profit after interest and taxes of 772 million.
TNT N.V. decided in 2005 to dispose of its logistics division which accounted in 2005 for additional 3.542 million and a loss of 111 million.
TNT N.V. 's profit, liquidity and efficiency are stable and around industry average but still leave room for improvement.
TNT N.V. financial gearing is low compared to its competitors. The company could make better use of long-term debt opportunities.
TNT N.V. developed strongly on the stock market in 2005 and outperformed its competitors in terms of share price increase.
TNT N.V. is strong on dividends but lacks strength in some areas of stock price performance ratios as earnings per share.
TNT N.V. 's annual report 2005 is strong on adoption of IFRS, outlining of business held for sale and management remuneration but could be improved on clarity and detail in other areas than those mentioned.
Table of Contents
Executive Summary II
Table of Contents 3
1 Introduction 4
2 The Company 5
3 The Literature Search 6
4 The Data and its Analysis 7
4.1 Profitability 7
4.2 Efficiency 8
4.3 Liquidity 9
4.4 Financial gearing 9
4.5 Investment ratios and stock market performance 10
4.6 The position of TNT compared to its peer competitors 11
Turnover 11
Stock performance 12
About TNT 's company report 2005 13
5 Conclusion and Recommendations 15
Appendix A 17
Bibliography 17
Appendix B 19
Plagiarism Statement 21 1 Introduction
A Dutch company, determined to conquer the world. As if they inherited the trading spirit of their V.O.C. ancestors in the Golden Century. Is that a fair view? That is what this report investigates. Is TNT a financially healthy company? Is TNT following the right strategy? Is TNT successful in the delivery
Bibliography: Atrill, P. and McLaney, E. (2006). Accounting and Finance for Non-Specialists. Harlow: Pearson Education Limited. Brand. R. (November 11th 2005) TNT interessant aandeel. (TNT an interesting share) http://www.dft.nl/goeroes/renatebrand/article741136.ece). De Financiële Telegraaf. Deutsche Post World Net (2005) Annual report FedEx (2005) Annual report http://images.fedex.com/us/investorrelations/downloads/annualreport/2005annualreport.pdf?link=4 Koenders, R. (December 6th 2005) TNT in de hoofdrol. (TNT: taking the lead http://www.dft.nl/goeroes/robkoenders/article785455.ece), De Financiële Telegraaf. Reuters.com TNT (2005) Annual report [Accessed 08.03.2007] United Parcel Service (2005) Annual report Wijk, van der I. (November 7th 2005) TNT: Koersdeel 21 euro. (TNT share price € 21 euro http://www.dft.nl/goeroes/irmavanderwijk/article784338.ece), De Financiële Telegraaf.