Deutsche post expects foreign growth to balance loss of letter monopoly

Deutsche Post, the German postal service operator, has said that it is expecting the current operating income of 2bn euros for its letter service division to remain stable for the long term. Although analysts fear that the profits for the division could fall following the ending of the companys monopoly on letter services at the end of 2007, management explains that the company will compensate for loss of domestic business with gains in international letter activities.