Deutsche Post’s DHL’s 2004 losses in US well below 500 mln eur
Deutsche Post World Net AG’s DHL will post full-year 2004 losses in the US ‘significantly below’ 500 mln eur, Focus magazine said in an article to be published tomorrow, citing sources close to the management.
Last September, Deutsche Post said the US losses could widen ‘to as much as 500 mln eur’ from the 300 mln initially planned.
Focus also reported that the express mail courier wants to expand its private customer business in the US, and that it hopes to double the private package volume to 32,000 per year.
‘The retail business is booming in the US, just as it is in Germany,’ Deutsche Post chief executive Klaus Zumwinkel said recently.
