Essay on Entrepreneurship

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ANNUAL REPORT 2014

Introduction and financial and corporate responsibility highlights

INTRODUCTION AND FINANCIAL AND CORPORATE
RESPONSIBILITY HIGHLIGHTS
This is the Annual Report of TNT Express N.V. for the financial year ended 31 December 2014, prepared in accordance with Dutch regulations. The preceding Annual Report of TNT Express N.V. for the financial year 2013, was issued on 18 February 2014.
Unless otherwise specified or the context so requires, ‘TNT’, the ‘company’, ‘it’ and ‘its’ refer to TNT
Express N.V. and all its Group companies as defined in article 24b of Book 2 of the Dutch Civil Code.
TNT is domiciled in the Netherlands, which is one of the Member States of the European Union (EU) that has adopted the euro as
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2

Refer to page 6 for more information on the calculation of the non-GAAP measures.

(in € millions)

Segment information
International International
Europe
AMEA Domestics Unallocated

Total

Revenue
2013

2014

2,722

1,061

2,566

555

6,904

2,743

906

2,547

484

6,680

Adjusted operating income (non-GAAP)
2013

2014

120

24

51

(21)

174

118

51

66

(26)

209

Employees
01 January 2014

31 December 2014
(in € millions)

15,296

9,528

29,377

5,842

60,043

15,205

9,260

27,864

5,963

58,292

Table of contents

TABLES OF CONTENTS
CHAPTER 1 OVERVIEW 2014 AND STRATEGY
I.

LETTER TO STAKEHOLDERS

2

II.

REPORT OF THE EXECUTIVE BOARD

4

III. EXECUTIVE BOARD COMPLIANCE STATEMENT

10

IV. STRATEGY

11

CHAPTER 2 BUSINESS PERFORMANCE
I.

GENERAL MARKET AND BUSINESS PROFILE

15

II.

OVERVIEW

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