TNT Express misses turnover and profit expectations


 

TNT Express said it does not expect to see the full benefit of its profit improvement strategy until 2018-19, as it admits it did not acheive the turnover and profitability it expected in 2014. It anticipates that adverse trading conditions in Western Europe will continue and believes that 2015 will be “a year of transition”, the operator said in its 2014 annual results statement this week. The express parcel carrier began implementing its ‘Outlook’ strategy, which it hopes will improve […]