Segment information
We produce financial information for our three business segments - Express, Mail and Other networks. This information is available to read here.
Segment information
The presentation of segment information in the consolidated financial statements is presented from a product perspective. The Board of Management receives operational and financial information on a monthly basis which is primarily based on the different products and customer solutions TNT offers. In addition, segment information from a geographical perspective has been presented to give an overview of the main markets. TNT distinguishes between the following three reportable segments:
- Express business. The Express business provides demand door-to-door express delivery services for customers sending documents, parcels and freight.
- Mail business. The Mail business provides services for collecting, sorting, transporting and distributing domestic and international mail.
- Other networks business. The Other network business provides time-critical deliveries to individually agreed delivery point for business customers during the night.
Although the Other networks business does not meet the quantitative thresholds as required by IFRS 8, management concluded that this segment should be reported, as this segment has its own network apart from the Express and Mail business and falls under the responsibility of the Chief Financial Officer.
The measure of profit and loss and assets and liabilities is based on the TNT Group Accounting Policies which are compliant with IFRS.
The pricing of intercompany sales is done at arms’ length.
Revenues and results are impacted by the seasonality of sales whereby Q4 is the strongest quarter in the financial year and Q3 is the weakest quarter.