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Ecomotive - Archive

17/12/2014
VEHICLE COMPONENTS: EXPORT BOOM FOR ITALY

 

TNT and the Anfia - Willis Italia agreement under the spotlight



Paolo Castiglia

Many interesting economic news are characterizing the automotive industry. For example, export figures for the automotive components sector, which account for 5.2% of all Italian exports. Then, TNT, who is committed to upgrading its hubs and announced that its staff will become increasingly dependent, thus abandoning the use of external contractors. In turn, Anfia - National Association of the Automotive Industry - and Willis-Italy, an international insurance broker, signed a partnership agreement to offer business services relating to product liability, recall and warranty.

 

Let's start with components; in the first half of 2014, exports reached € 10.2 billion, an increase of 5% compared to January-June 2013. In the same period, imports also grew considerably (+ 6.4%), for a value of € 5.9 billion, bringing the trade balance to a positive figure of 4.2 billion euro, 3.1% more than in the first half of 2013. These results are the consequence of a positive first quarter (export at + 9.3% and imports at +8.2% compared to the first quarter of 2013), which was followed by a consistently positive second quarter, though slower compared to the first (with exports and imports up 0.9% and 4.6% respectively from April to June 2013). The automotive components exports represent, as mentioned at the beginning, 5.2% of the whole Italian exports, while imports are worth about 3.3%, figures rising respectively by 5.4% and 4%, if we exclude from the total trade flow the energy sector. For the automotive component sector, 2013 closed, however, with exports up 5.7%, for a total of 19.3 billion Euro, with a positive trade balance of € 8.2 billion (+ 7.7%).

 

Shifting our attention now to TNT, the third quarter shows revenues for € 1.646 billion, a decrease of two percent over the same period last year, with a loss of 47 million, compared to a positive operating margin of 20 million in 2013. Europe remains the main theater of operations of the Dutch company, with a turnover of 788 million, followed by the area formed by Russia, Ukraine and America (274 million) and the Pacific (151 million).

In the third quarter of 2014, the company shows a loss of 47 million in operating income, due to restructuring costs and a 50 million Euro sanction in France. It has further announced investments for 185 million in the development of road transport services. In addition to the aforementioned program for Italy, TNT is committed to a rather ambitious restructuring plan called Outlook, which calls for cost reductions and investments to reposition the company, like the ongoing expansion of facilities with high automation and an investment of 185 million Euro over the next four years on the road network.

In an effort to provide targeted services to member companies in the field of product liability, product recall and product warranty, Anfia (National Association of the Automotive Industry) and Willis Italy, the international insurance broker, signed a cooperation agreement. Companies will have, therefore, an opportunity to learn more about the range of products, services and business insurance advice offered by Willis Italy to companies in the automotive sector and to sign insurance contracts on favorable terms, according to their specific needs. Willis, on the other hand, will have the opportunity to strengthen its activities to support the sector, using recognized expertise in this sector, with extensive experience gained over the years and a worldwide presence, ensuring a high professional standard.

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